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1. Suppose a firm is currently maximizing its profits (i.e., following the MR = MC rule). Assuming that it wants to continue maximizing its profits, if its fixed costs increase, it should
a. maintain the same price
b. raise its price
c. lower its price
d. not enough information to answer this question
2. Which of the following is true about a monopoly?
a. Its demand curve is generally less elastic than in more competitive markets.
b. It will always earn economic profit.
c. It will charge the highest possible price.
d. It will always be subject to government regulations.
If the federal government were to run a budget deficit, this would:
The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
Choose a United States based company with global operations. Discuss and explain the impact of globalization on the company's cost structure, markets, currency risk, and overall strategy.
Consider the product market for "Winter Wheat". If the Government has established a price floor and intends to purchase all surplus wheat draw the likely demand and supply curves and identify the quantity demanded and equilibrium price.
The market for good X is initially in equilibrium at $5. The government then places a per-unit tax on good X, as shown by the shift of S1 to S2. Approximately what percentage of the tax do producers end up paying?
An example of a market incentive plan is:
prepare a 4-5 page paper addressing the following aspects of a new venture business plan. the business is a startup
Which tool do you think is most commonly used If the Fed wanted to decrease the supply of money in the economy, would the Fed buy or sell securities in the open market and what would be the first effect of this policy.
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a When a publicly traded firm is suspected of unethical or illegal behavior, the will conduct an investigation
Normal 0 false false false EN-US X-NONE X-NONE An investment of $5000 in B..
If unemployment insurance were so generous that it paid unemployed workers 90% of their regular salary A. the official unemployment rate would probably understate true unemployment. B.
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