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Economics> QUESTIONS & ANSWERS > Clayton State UniversityECON 6100 Chapter 12 More Realistic and Complex_Pricing. 73 Questions and Answers (All)
1. Acquiring a firm that sells a substitute good would make the demand curve for your original product a. More inelastic b. More elastic c. Unchanged d. None of the above TOPICS: Section 1: Pri...
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Economics> QUESTIONS & ANSWERS > Clayton State University ECON 6100 Chapter 3 Benefits Costs and Decisions. 67 Questions and Answers. (All)
1. Variable costs are a. costs that vary with output b. not important in decision making c. costs that do not vary with output d. equal to total costs TOPICS: Section 1: Background: Variable, f...
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Economics> QUESTIONS & ANSWERS > Clayton State University ECON 6100 Chapter 5 Investment Decisions Look Ahead and Reason Back. 85 Questions and Answers. (All)
1. The higher the interest rates a. the more value individuals place on future dollars b. the more value individuals place on current dollars c. individuals do not place any importance on either cu...
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Economics> QUESTIONS & ANSWERS > Clayton State University ECON 6100 Chapter 7 Economies of Scale and Scope. 63 Questions and Answers (All)
1. The law of diminishing marginal productivity states that a. As you expand output, your marginal productivity eventually increases b. As you expand output, your marginal productivity eventually de...
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Economics> QUESTIONS & ANSWERS > Clayton State University ECON 6100 Chapter 4 Extent How Much Decisions. 76 Questions and Answers. (All)
1. If AVC=$5 and AFC=15, then AC= a. $15 b. $5 c. $20 d. $10 TOPICS: Section 1: Background: Average and Marginal Costs 2. Total cost divided by the number of units produced is called: a. tota...
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