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________ refers to the additional revenue gained from selling one more unit.
a) Economic profit
b) Total revenue
c) Accounting profit
d) Marginal revenue
Illustrate what does it imply about actual price level relative to expected price level. Illustrate what must happen to real and nominal wages in order to close a contractionary gap.
A firm has developed a new product for which it has a registered trademark.
Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
What does the change in his con- sumption reflect a substitution or an income effect.
Which of the variables above is NOT statistically significant at the 0.05 level.
Describe the business and its likely main competitors and how would you structure your advertising and customer service to differentiate your product/service?
What is social responsibility? How important it is toa customer and an employee?
if they use a regulation should they allow for pollution permits? explain the benefits and detriments of each form of control. what would you recommend?
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
A fractional banking system is fundamentally prone to the (speculative, liquidity, bailout, or monopoly) problem because it creates more receipts for deposits than there are in reserves in the system.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. Who benefits from technological progress in farming Farmers or barbers.
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