The housing developments that were made up of identical, prefabricated houses, quickly built after World War II to meet the high demand for housing were produced by _______________.
Fill in the blank(s) with the appropriate word(s).
William Levitt construction
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Explain what information that changes in the value of a firm's stocks provide for a firm's managers and for investors
What will be an ideal response?
Suppose the government has imposed a price ceiling on sliced sandwich bread. Which of the following events could transform the price ceiling from one that is binding to one that is not binding?
a. An increase in the price of flour, which is used to make bread. b. A decrease in the price of lunch meat. c. A decrease in the price of unsliced bread, which people consider a substitute for sliced bread. d. An decrease in the price of peanut butter and jelly.
The long-run equilibrium for a monopolistically competitive firm is efficient because its profits equal zero in the long run.
Answer the following statement true (T) or false (F)
The total of consumer plus producer surplus is greatest
A. when consumer surplus is maximized. B. at the market equilibrium. C. when producer surplus is maximized. D. all of the above