Which of the following is NOT an example of private investment expenditure?
A) new houses built during the year
B) using credit cards to purchase durable and nondurable goods
C) new plants and equipment added during the year
D) increases in inventories on goods produced during the year
B
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Shopping at a warehouse, such as Sam's Club or Costco, allows its members to pay very low prices on the goods and services they buy. Customers who shop at such a store incur:
A. transaction costs because they must be members to shop there. B. no transaction costs because they pay prices that are lower than any other location. C. transaction costs because they must buy a product in bulk. D. no transaction costs because members can return any item purchased for any reason.
If the total cost function is TC = 10Q3 - 50Q2 + 1000Q + 500, what is the equation for MC?
What will be an ideal response?