Organizations that survive over time
A) will never change in the future.
B) are efficient.
C) will be forced to become horizontal.
D) are inefficient.
B
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In order to maximize its profits, a price-taking firm should produce the level of output at which:
A) total revenue = total cost. B) average revenue = average cost. C) variable revenue = variable cost. D) marginal revenue = marginal cost.
As the definition of products narrows (i.e., becomes more specific), the concentration ratio
A) is not valid. B) tends to decrease. C) tends to increase. D) does not change in any predictable manner.
Which of the following takes place in the direct finance market?
A) Firms borrow funds from banks. B) Deposits from savers are accumulated and loans made to borrowers. C) Ownership in corporations is sold in the form of preferred stock. D) Banks offer savings accounts to customers.
If point A occurs chronologically before point B, then this graph could represent
a. a decrease in aggregate demand with a decrease in long-run and short-run aggregate supply b. a decrease in aggregate demand with constant long-run and short-run aggregate supply c. constant aggregate demand with a decline in long-run aggregate supply. d. an increase in aggregate demand with constant long-run and short-run aggregate supply e. constant aggregate demand with a decline in short-run aggregate supply.