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1. Assuming a constant marginal cost, a lower price elasticity of demand would call for a relatively lower mark-up ration.
True
False
2. Mark-up pricing might be more suitable for monopolies
3. Relatively high transportation costs make it easier for a firm to achieve a natural –monopoly status.
4. When there are significant economies of scale, it might be more efficient to have a larger firm operating under its full capacity than having multiple firms, each operating at its peak efficiency.
5. The higher the fixed cost the lower the break-even output quantity.
Anthony is considering the purchase of used car. The price, including the title and taxes, is $9,530. Anthony is able to make a $2,530 down payment. The balance, $7,000, will be borrowed from the Credit Union at an interest rate of 9.25% compounded d..
he chinese furniture manufacturers produce high quality early amerian furniture and successfully export large quantities of the furniture to the United States.
q.if a firm faces a shortage of workers with very specific skills it may decide to undertake the necessary training
Farm must decide whether or not to purchase a new tractor. The tractor will reduce costs by $2,000 in the first year, $2,500 in the second and $3,000 in the third and final year of usefulness. The tractor costs $9,000 today, while the above cost savi..
When external costs are present
Describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education ..
The income statement that classifies costs by their behavior is called the:
Elucidate how resource scarcity influences this marketplace also describe choices stakeholders must make.
Use the following information from the current year financial statements of a company to calculate the ratios below- Accounts receivable turnover. Times interest earned ratio. Divided yield ratio. Earnings per share.
illstrate the effect of capital formation by comparing the prodution pissibility curves, at the present time and ten years in the future,for tow economies, one with the high and the other with the olw rate of capital formation.
If the official exchange rate of the British pound sterling were changed from $2.80 to $2.40 under an adjustable pegged exchange rate system, the pound sterling would be
An economy adjust on its own to close a recessionary gap because there is
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