The FDIC was created in
A) 1863.
B) 1913.
C) 1934.
D) 1991.
C
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What is the average cost per unit if the firm produces 5 units?
a. $196 b. $980 c. $182 d. $910
Enhanced Computers specializes in rebuilding computers. Recently reorganized into geographic divisions, the Southern division headed by Dan Unowsky is outperforming the other divisions in sales and profits. However, corporate executives have noticed that Unowsky no longer sends refurbished computers to other divisions, and he has instituted special warranties and pricing systems unavailable in the rest of the company. Should Unowsky be promoted or fired?
What will be an ideal response?
According to the infant industry argument for import protection, such protection is needed because:
A) foreign workers are often paid less than American workers. B) it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries. C) the nation's national security depends on a strong industrial base. D) it provides consumers with more and better goods in the long run.
If firms in a monopolistically competitive industry are ________, then in the long run new firms producing close substitutes will enter the industry.
A. earning economic profits B. producing where MR = MC C. suffering economic losses D. breaking even