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.

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.

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