Whenever an input makes up a large percentage of a good's final cost, an increase in that input's price will
A) affect total cost relatively more.
B) not affect total revenues.
C) affect only accounting profits.
D) cause the firm to shutdown.
Answer: A
Economics
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In the United States the poorest 20 percent of households receive about ________ of total income
A) 1 percent B) 4 percent C) 10 percent D) 15 percent
Economics
When a lender refuses to make a loan, although borrowers are willing to pay the stated interest rate or even a higher rate, the bank is said to engage in
A) coercive bargaining. B) strategic holding out. C) credit rationing. D) collusive behavior.
Economics