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13. If an oligopolistic firm decides to raise its price.A. other firms will automatically followB. none of the other firms will followc. other firms may follow if it is the price leaderD. only some of the firms will follow
14. The main difference between perfect competition and monopolistic competition isA. the number of sellers in the marketB. the ease of exit from the marketC. the degree of information about the market priceD. the degree of product differentiation
15. Prices under an ideal cartel situation will be equal toA. monopoly pricesB. competitive pricesC. prices under monopolistic competitionD. marginal cost
16. Price discrimination exists whenA. two different sellers charge different prices for the same productB. one company sells identical products in different markets at different pricesC. the ratio of price to marginal cost differs for similar productsD. both B and C
17. If a product which costs $8 is sold at $10, the mark-up isA. $2B. 25%C. 20%D. none of the above
18. In finance, risk is most commonly measured byA. the probability distributionb. the standard deviationC. the average deviationD. the square root of the standard deviation
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
Explain how this transaction would be recorded in your firm's financial statements. Additionally, your hospital has experienced negative levels of net income for the last five years. The total amount of accumulated deficits is $5 million
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
A company has a EBIT to be $100,000 every year forever. The company can borrow at 5%, has no debt and cost of equity of 15%. If the tax rate is 25 %, find out the value of the firm?
Given production function Q= 100(L^0.5)(K^0.5), where L = labor hours per unit time, K=machine hours per unit time, and Q=output per unit time.
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
Find out the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $30 is imposed in this market. Also determine the full economic price paid by consumers.
Compute the profit maximization level of activity. Compute total revenue, total cot and profit or loss at profit maximization level of activity. Compute elasticity of demand at profit maximization. Compute the breakeven level of activity.
Consider some of products which are widely advertised on television. By what type of firm is each produced the perfectly competitive firm, an oligopolistic firm, or another kind of firm? How many major products can you think of that are not advert..
During the job interview, the Vice President understood that you had received rigorous training in managerial economics, and you were able to choose some appropriate methods to predict the market movement.
Solve the partial derivative
Describe some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting.
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