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Author Question: During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not ... (Read 74 times)

karateprodigy

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on: Jun 30, 2018
During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not have enough time to expand its kitchen or add an additional seating area. In this situation, McDonald's:
 a. has no fixed costs.
  b. is in the short run.
  c. suffers an economic loss.
  d. earns a large profit.

Question 2

Which of these partly accounts for the long-term growth in production in the U.S. economy?
 a. An increase in government spending
 b. An increase in the availability of resources
 c. A reduction in federal taxes
 d. A gradual but consistent increase in the price level
 e. A general optimism about the future and the pioneering spirit of America


kxciann

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


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