True or False Questions: Per Unit Production Cost- Total input cost divided by u
ID: 1207306 • Letter: T
Question
True or False Questions:
Per Unit Production Cost- Total input cost divided by units of output less labor cost.
Exchange rates- The price of goods in terms of other nations currencies.
Leakage- AN increase in the economy from actions taken to reduce taxes.
Net Exports- The amount of goods produced in this country for exports.
Expected rate of return- The anticipated investment return on capital goods and projects.
Menu cost- Cost associated with reducing expenses during a recession, e.g. reprinting menus with new prices.
Minimum Wage- Wages which are considered the input wages of production.
Explanation / Answer
True. Expected rate of return- The anticipated investment return on capital goods and projects.
True. Menu cost- Cost associated with reducing expenses during a recession, e.g. reprinting menus with new prices.
7. False. Minimum wages is the minimum amount of payment that has to be paid to labor.
False.