The above table gives techniques that Fatz confectionery can use to produce 2,000 pounds of candy
If the cost of capital is $20 per unit and the cost of labor is $40 per unit, the economically efficient technique for producing 2000 pounds of candy is A) A.
B) B.
C) C.
D) D.
C
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What is not a benefit from the lower costs of transportation that were achieved through advances in railroads, canals and steamboats? a. Free rider problems were reduced. b. Farmers gained larger shares of the selling price of their crops. c. Consumers paid decreasing shares of the purchase price for transportation and marketing costs
d. New unsettled areas were profitably cleared and added to the nation's economic activity.
If you go to Europe to work and send funds home to your family living in the United States, this is known as a
A) service import. B) merchandise import. C) service export. D) unilateral transfer.