Supplier power tends to be low when
a. The supplier provides non-critical inputs
b. The supplier provides homogenous inputs
c. Both A&B
d. None of the above
c
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The figure above shows Sam's budget line. Which of the following would result in Sam's budget line shifting leftward and not changing its slope?
A) a decline in his preferences for both gasoline and coffee B) an equal percentage reduction in the prices of both a gallon of gasoline and a pound of coffee C) a decrease in Sam's income D) a fall in the ratio of the price of a gallon of gasoline to the price of a pound of coffee
Suppose a bank has $10 million in capital, $100 million in assets, and after-tax profit of $2 million? what is its return on assets? What is its return on equity?
What will be an ideal response?
Which of the following is not considered capital?
A. a factory a company builds to produce other output B. 10,000 U.S. dollars C. a tractor produced by John Deere D. the knowledge an individual acquires through education
Refer to the graphs below. They show the long-run average total cost (LRATC) for a product. For which graph would a firm experience first economies and then diseconomies of scale over its range of output?
A. Graph A
B. Graph B
C. Graph C
D. Graph D