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1. Which of these relations is correct?A) APC - APS = 1 B) MPC + MPS = 1 C) APC + MPC = 1 D) 1 + MPC = MPS2. If supply increases and demand remains unchanged, equilibrium quantity will _______ and equilibrium price will ______________.A) rise, rise B) fall, fall C) fall, rise D) rise, fall3. Oligopolies that produce identical products such as steel haveA) no control over the price of their product because of the availability of perfect substitutes.B) no control over the price of their product because of the large number of buyers in the market.C) some control over the price of their product because each firm sells a substantial share of the market.D) some control over the price of their product because of the small number of buyers in the market.4. As price declines, quantity demanded goes _______ and quantity supplied goes ________.A) up, up B) down, down C) up, down D) down, up5. The conventional merger is the ____ merger.A) horizontal B) vertical C) conglomerate D) diversifying6. An increase in supply means that quantity supplied risesA) at least one price. B) at a few prices. C) at most prices. D) at all prices.7. The market price ____________ the equilibrium price.A) can be higher than, but never lower than C) can be higher than, or lower thanB) can be lower than, but never higher than D) is always equal to8. A merger between Chase Bank and Citibank would be a ____ merger.A) horizontal B) vertical C) conglomerate D) diversifying9. To build up our capital we need toA) save more and consume more. C) save less and consume less.B) save more and consume less. D) save less and consume more.10. In the United States investment is doneA) entirely by the government.B) mostly by the government.C) about half by the government and half by private enterprise.D) mainly by private enterprise.11. Specific business practices such as price discrimination are prohibited by the:A) Clayton Act of 1914. B) Sherman Act of 1890. C) Federal Trade Commission Act of 1914.12. Which statement is false?A) A monopoly is both a firm and an industry. C) There are no monopolies in the United States.B) A monopoly is an imperfect competitor. D) None of these statements is false.13. Price discriminationA) occurs whenever a good or service is resold.B) is prohibited by law.C) occurs when a seller charges two or more prices for the same good or service.D) occurs when the seller charges different prices for different quality products.14. Which statement is true?A) All monopolies are good.B) All monopolies are bad.C) Most natural monopolies are government regulated or government owned.D) None of these statements is true.15. Monopolistic competition differs from perfect competition only with respect toA) the number of firms in the industry. C) barriers to entry.B) product differentiation. D) economies of scale.16. Each of these companies was broken up by the Supreme Court exceptA) AT&T. B) the American Tobacco Trust. C) the Standard Oil Trust. D) U.S. Steel.17. Which statement is false?A) Monopolies tend to be inefficient.B) Economic power is easily translated into political power.C) Two ways of preventing public utilities from taking advantage of their power are government regulation and government ownership.D) None is false.18. Which statement is false?A) Oligopolies are illegal in most states. C) Ford Motor Company is an oligopoly.B) Most oligopolies engage in outright collusion. D) None of these statements is false.19. Which of the following is NOT an example of a vertical merger?A) The merger of a shoe producer and a leather producerB) The merger of two computer companiesC) The merger of a computer company and a microelectronics chip companyD) The merger of an automobile company and a tire companyE) The merger of a brewery and a producer of hops20. In the United States, natural monopoliesA) are easily converted to competitive industries. C) are commonly regulated by governments.B) are common in retailing. D) are rarely regulated by governments.
The customer price index is a fixed weight index. It compares the price of fixed bundle of goods in 1-year with the value of the same bundle of goods in some base year.
Stock Dividends The owner's equity accounts for Hexagon International are demonstrate here, If Hexagon stock currently sells for $25 per share and a 10 percent stock dividend is declared, how many new shares will be distributed?
Calculate and Plot using a spreadsheet (like Ms Excel) the series for Nominal GDP
Use the specific factors model, describe why you might expect to see certain capital owners and labor groups discussing against developing trade in a capital abundant country.
Many corporation manufacture more than one product. What is the motivation to do this and explain how do rules for profit maximization differ between a single product corporation and a multiproduct corporation?
Assume foreign income rise to 108,000 and interest rate is allowed to temporarily diverge from world economy interest costs. What are the equations for IS and LM curves?
The firm produces a global positioning system that sells for $1,000 with costs of goods sold of 48 percent of sales. Compared to the US, China offers a 6 percent cost reduction
The most visible and highly paid person in most corporations is the chief executive officer (CEO). CEO compensation is particularly important to firms for three reasons.
International managements whether the UN, NATO, World Bank, WTO, IMF and others are no more than playgrounds of major powers who use these multilateral institutions to advance their interests often at expense of less powerful nations.
A corporation has issued convertible preferred stock to its venture shareholders. Every share of preferred stock is convertible into 0.75 shares of common stock and pays an yearly cash dividend of $0.13.
Assume you hear a commentator on radio state that when interest rates fall, the stock market (the Dow Jones average say) tends to rise.
A monopolist with two plants operates with a marginal revenue of 500-4Q and marginal expenses of 4Q for plant one and 2Q for plant 2.
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