Advertising never makes sense for an oligopolistic firm.
Answer the following statement true (T) or false (F)
False
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If the economy is at full employment
A) the entire population is employed. B) the entire labor force is employed. C) the only unemployment is frictional unemployment plus discouraged workers. D) real GDP equals potential GDP.
Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, how many minutes will each customer buy each month?
A. 175 B. 200 C. 2 D. 225
The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible b. requiring employees to punch time clocks c. spot checks of the quality of employee work d. replacing closed offices with cubical office spaces
An economy that operates below its full-employment capacity experiences
a. disequilibrium b. unrealizable inflationary expectations c. a gap in aggregate demand d. an inflationary gap e. a recessionary gap