If the ABC Company decides to take over the XYZ Corporation by purchasing all of the stock of XYZ, what does this tell us about the view ABC holds of XYZ?
ABC must believe that the XYZ stock understates the value of the corporation. It is more valuable to ABC than any other investment opportunity, either as XYZ is now or as it will be when ABC restructures the corporation.
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When a firm experiences economies of scale, long-run average total cost falls as the quantity of output increases
a. True b. False Indicate whether the statement is true or false
The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene's output is 2,000 units, what is short-run marginal cost (SMC)?
A. $20 B. $90 C. $42 D. $100 E. $72
A quintile, sometimes used to measure wealth inequality, represents one-fourth of households.
Answer the following statement true (T) or false (F)
Price controls in Venezuela resulted in a thriving black market in many goods. The black market arose because the price controls that were implemented by the Venezuelan government were ________ which resulted in a ________ of products
A) price floors; surplus B) price floors; shortage C) price ceilings; surplus D) price ceilings; shortage