Manufacturers of Weightbegone are concerned that genetic advances in weight control might reduce the demand for their diet snacks. This is an example of
a. firm-specific risk, which will likely raise shareholders' demand for higher return.
b. firm-specific risk, which will likely not likely raise shareholders' demand for higher return.
c. market risk, which will likely raise shareholders' demand for higher return.
d. market risk, which will likely not raise shareholders' demand for higher return.
a
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Refer to the scenario above. Thomas's arc elasticity of demand for wine is:
A) -0.33. B) -0.67. C) -0.25. D) -1.
Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work. b. must have looked for work no more than a week ago. c. must have looked for work no more than four weeks ago. d. must have looked for work no more than twelve weeks ago.
A monopolist engages in price discrimination
A. by charging a higher price to consumers whose demand is more elastic. B. by charging a higher price when marginal cost is lower. C. by charging the same price to all consumers. D. by charging a lower price to consumers whose demand is more elastic.
An example of a contractionary monetary policy is
A) an increase in the required reserve ratio. B) a decrease in the discount rate. C) a reduction in the taxes banks pay on their profits. D) the Fed buying government securities in the open market.