Wanda Rumble promotes boxing matches. She makes $6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
a. the total cost of promoting all boxing matches during the year
b. the marginal cost of promoting one additional boxing match
c. the average fixed cost of promoting a boxing match
d. the average total cost of promoting a boxing match
b
Economics
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Which one of the following is not a component of GDP, as measured using the expenditure approach?
a. Personal consumption. b. Exports. c. Durable goods. d. Government spending. e. Interest.
Economics
Government purchases
a. are only weakly related to aggregate income b. include spending on goods and services plus transfer payments c. are inversely related to aggregate income d. are inversely related to the price level e. are inversely related to the interest rate
Economics