As the price of capital falls, the quantity of capital that producers are willing and able to offer falls
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in the liquidity of corporate bonds will ________ the yield of corporate bonds and ________ the yield of Treasury bonds, everything else held constant
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
Writing total output as Q, change in output as ?Q, total labor employment as L, and change in labor employment as ?L, the marginal product of labor can be written algebraically as
A) ?Q ? L. B) Q / L. C) ?L / ?Q. D) ?Q / ?L.
Answer the following statements true (T) or false (F)
1) It is not possible for a single firm to combine different types of nonlinear pricing. 2) In order to practice any of the advanced pricing techniques, a firm must have some market power. 3) If a firm offers a quantity discount, this is an example of an all-or-nothing offer. 4) If Healthy Bars labels its snack bars "not for resale", Healthy Bars is attempting to prevent arbitrage. 5) If a firm faces a high demand during the summer months and a low demand during the winter months, peak-load pricing can increase the firm's profits compared to charging the same price in the summer and winter months.
Behavioralists believe that:
A. if four or fewer firms control more than half of the market for a product, then the Sherman Act is being violated. B. industries should be judged on the basis of their price-output behavior and their technological progressiveness. C. there is no evidence that any monopolistic industry has abused its market power. D. all concentrations of economic power are socially undesirable.