In order to be successful as an innovator, a firm may require:
a. constant investment in mergers and acquisitions.
b. frequent expansion of its scale of operation.
c. to invest the majority of its annual profit in market research.
d. research facilities and a culture that respects scientists and engineers.
D
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The Jerry-Berry Ice Cream Shoppe's total cost schedule is in the above table. Based on the table, which of the following is correct?
A) The total fixed cost is $1. B) The average fixed cost of 1 gallon is $1.00. C) The average variable cost of 2 gallons of ice cream is $1.00 per gallon. D) Only answers A and B are correct. E) Answers A, B, and C are correct.
According to economists, the fixed-price model of macroeconomic equilibrium depicts the modern economy most closely because it assumes that aggregate supply is independent of price
a. True b. False Indicate whether the statement is true or false