The typical annual gain to consumers who switch to Walmart is between ________ per store.
A. $100 million and $150 million
B. $250 million and $300 million
C. $15 million and $33 million
D. $31 million and $40 million
Answer: C
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In the long-run equilibrium of a competitive market with free entry and exit, firms operate at their __________ scale
Fill in the blank(s) with correct word
The "cap" in cap-and-trade refers to the
A. name of a specific piece of equipment that is used to reduce air pollution. B. cap on the number of pollution permits that any one business may use. C. captain who oversees the reduction of pollution by businesses. D. cap on pollution implied by the limited number of permits issued.
In principle, how do we determine a perfectly competitive firm's profit-maximizing output and maximum profits given information about the market clearing price, and about the marginal cost and average total cost curves of the firm? Explain in words
What will be an ideal response?
You have just purchased a new DVD player to show videos to your customers. The DVD player cost $500, and you depreciate the machine at a rate of 25% each year. You can borrow money from the bank at 10%, or receive 6% for depositing money at the bank. The expected inflation rate in the coming year is 5%. You used the company's own funds to purchase the DVD player. The firm's user cost of capital for the first year is
A. $130. B. $150. C. $155. D. $175.