If the Shell and Mobil oil companies merge, what is this called?
a. concentration merger
b. diversified merger
c. horizontal merger
d. vertical merger
e. conglomerate merger
C
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People tend to "dress up" for job interviews, even though their clothes do not make them more productive in their positions. This situation is an example of
a. signaling. b. adverse selection. c. the principal-agent problem. d. moral hazard.
The figure below shows the supply and demand curves for oranges in Smallville. 
What is the marginal cost of producing the tenth pound of oranges?
A. $4 B. $2 C. $5 D. $3
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's profit maximizing price is
A) 55. B) 50. C) 45. D) 40.
The aggregate supply curves show how much a nation's businesses are willing and able to produce at each price level
a. True b. False Indicate whether the statement is true or false