If a firm offers quantity discounts or special promotional allowances only to favored distributors and the effect is to substantially lessen competition, then it is in violation of the:
A. Clayton Act.
B. Robinson-Patman Act.
C. Sherman Antitrust Act.
D. Celler-Kefauver Act.
Answer: B
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Virtually all firms expend resources to do precise calculations of marginal cost and marginal revenue for decision making.
Answer the following statement true (T) or false (F)
Which program provides money and in-kind assistance to the poor?
a. supplementary security income b. earned-income tax credit c. income assistance programs d. Medicaid
In the calculation of real GDP, the value of goods and services is measured in the current prices for each year.
Answer the following statement true (T) or false (F)
Retained earnings
A. Are cheaper than the cost of new common stock B. Have no cost C. Are a firm's cheapest source of funds D. Have a cost that equals the weighted-average cost of capital E. Increase financial leverage