Which of the following will improve your bargaining position when contracting with a supplier
a. You are better able to accommodate other suppliers' brands
b. You must only buy the raw material from your preferred supplier to ensure quality
c. Two of your suppliers merge
d. Your final product that includes this component becomes more profitable
a
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Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate. B) increase the measured unemployment rate. C) decrease the number of persons in the labor force. D) decrease the number of persons in the working-age population.
The Fanjuls are:
A. a consumer advocacy group attempting to ban special interest groups. B. free traders who propose doing away with all tariffs. C. sugar barons who give considerable money to politicians who make decisions on sugar quotas. D. a new political party based on the opposition to special interest politics.
Suppose that Figure 10.4 shows an industry's market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it would produce a quantity of:
A. 30 units. B. 50 units. C. 60 units. D. There is not sufficient information.
Suppose that in the market for paper, demand is p = 100 - Q. The private marginal cost is MCp = 10 + Q. Pollution generated during the production process creates external marginal harm equal to MCe = Q. What is the total external harm at the competitive market level of output?
A) 1350.5 B) 2025 C) 672.5 D) 1012.5