Interstate Commerce Commission (ICC) Act of 1887 gave the federal government rate-setting powers
Indicate whether the statement is true or false
False
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Which of the following firms are in a monopolistically competitive market?
A) the many retail firms such as JCPenney, Sears, The Gap, and so on B) the sole local providers of electricity, such as Kansas Power and Light, or Pacific Gas and Electric C) the many farmers that grow wheat D) None of the above are in a monopolistically competitive market.
Contrary to most thinking, governments play ____ in causing pollution
a. almost no role b. a large but decreasing role c. a major role d. a reconstructive role
Suppose the Move It! exercise chain has revenues of $45 million, accounting costs of $15 million, and currently has issued 10 million shares of stocks selling at $90 each. Compute the price-earning ratio. Show your work. Is this ratio relatively high or low? What might an increase in the price-earnings ratio indicate?
A package delivery service currently has 12 vans and 16 employees. Vans cost $400 per week and employees earn $300 per week. The last van added 480 packages delivered to total output, while the last employee added 450 packages. The firm
A. should use more vans and fewer employees because the last van added 480 packages while the last employee only added 450 packages. B. is making the correct decision because the dollar expenditure ($4800) is equal for vans and employees. C. should use fewer vans and more employees because the last dollar spent on vans yielded 1.2 additional packages delivered, while the last dollar spent on employees yielded 1.5 packages delivered. D. could deliver more packages for the same budget by using fewer vans and more employees. E. both c and d