Some sales managers are talking shop. Which of the following quotations refers to a movement along the demand curve?
A) "Since our competitors raised their prices our sales have doubled."
B) "It has been an unusually mild winter; our sales of wool scarves are down from last year."
C) "We decided to cut our prices, and the increase in our sales has been remarkable."
D) none of the above
C
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An example of a horizontal integration would be a merger between
a. a newspaper and a television station. b. two grocery store chains. c. Intel and Dell. d. Delta Airlines and American Airlines.
If the number of laborers is 200 and the capital stock is $20,000 . the capital-labor ratio is
a. $1/100 b. $100 c. $20,100 d. $4,000,000 e. $19,900
Answer the following statement(s) true (T) or false (F)
1. Chemical use is associated with a production externality. 2. In the presence of a negative consumption externality, the MSB lies below the MPB. 3. To internalize the consumption externality of pesticide use, a product charge can be implemented as a unit tax. 4. If a unit tax is used to internalize the consumption externality of chemical use, it achieves efficiency if it is set equal to the MSB at the efficient output level.
If a supplier sells 40 light bulbs and the total revenue from this sale is $120, then what is the average revenue?
a. $3 b. $80 c. $160 d. $4,800