Which of the following implies a decline in labor productivity in an economy?
a. A high rate of growth in capital formation
b. An improvement in input quality
c. A decrease in the production of goods and services
d. An increase in the budget surplus in the economy
e. A decrease in the prices of goods and services
c
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One way a company can cover its costs and, at the same time, obey a marginal cost pricing rule is by
A) choosing output levels according to the profit-maximizing rule. B) using price discrimination. C) increasing production. D) decreasing production. E) decreasing its marginal cost but not changing its average total cost.
In the following table, fill in the columns for your return on investment if the price of your house increased or decreased by 40 percent, based on the down payments specified in the first column
Return on Your Investment From Down Payment A 40 Percent Increase in the Price of Your House A 40 Percent Decrease in the Price of Your House 100% 20 10 5