The yield of a stock is the
A. dividend divided by the closing price per share.
B. dividend divided by the average daily price of the stock.
C. closing price divided by the 52-week low price.
D. dividend divided by the opening price per share.
Answer: A
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The price charged by a perfectly competitive firm is
A) the same as the market price. B) different than the price charged by competing firms. C) lower the more the firm produces. D) higher the more the firm produces. E) indeterminate.
Long-run macroeconomic equilibrium is achieved when the money wage rate has adjusted so that employment is such that real GDP equals potential GDP
Indicate whether the statement is true or false
Which of the following is more likely to have perfectly elastic or nearly perfectly elastic demand?
A) a textbook required for an economics course B) the guitar produced by a master craftsman C) milk produced by a Wisconsin dairy farmer D) the services offered by the only allergist in the community
"As I add more workers to the factory line, the additional output produced by each additional worker seems to decline. Eventually, the workers just get in each others' way.". This statement by a factory supervisor refers to the law of:
a. comparative advantage. b. demand. c. supply. d. increasing returns to scale. e. diminishing marginal returns.