如果一国(或地区)的国民生产总值小于国内生产总值,说明该国公民从外国取得的收入( )外国公民从本国取得的收入。
A. 大于
B. 小于
C. 等于
D. 可能大于也可能大于
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The government imposes a $1,000 per year license fee on all pizza restaurants. Which cost curves shift as a result? ( )
A. average total cost and average fixed cost
B. average variable cost and marginal cost
C. average variable cost and average fixed cost
A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?( )
A. Marginal cost is $5, and average variable cost is $8.
B. Marginal cost is $8, and average variable cost is $5.
C. Marginal cost is $5, and average total cost is $8.
D. Marginal cost is $8, and average total cost is $5.
A firm is producing 20 units with an average total cost of $25 and marginal cost of $15. If it were to increase production to 21 units, which of the following must occur? ( )
A. Marginal cost would decrease.
B. Marginal cost would increase.
C. Average total cost would decrease.
D. Average total cost would increase.
Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hours, he could have mowed his neighbor’s lawn for $40. Raj has an accounting profit of ( ) and an economic profit of( ).
A. $50, $10
B. $90, $50
C. $10, $50
D. $50, $90