If the earnings report of a firm indicates higher earnings than was expected by the investors:
a. the stock prices of the firm will decline.
b. the price of the product produced by this firm will decline.
c. the price of the product produced by this firm will rise.
d. the firm will spend more on advertising.
e. the stock prices of this firm will increase.
e
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What will be the principal and most immediate effect on the supply or demand of raw cotton grown in the United States if a low-cost process for making cotton cloth wrinkle-free is developed?
A) Decrease in demand B) Decrease in supply C) Increase in demand D) Increase in supply
Refer to above figure. If OmL1 workers are employed in manufacturing then what is the marginal productivity of labor in manufacturing?
What will be an ideal response?
An expected value is the ________ average of ________ outcomes.
A) unweighted; the most likely B) weighted; all possible C) unweighted; all possible D) weighted; the most likely
The marginal revenue product of a resource:
a. is defined as the marginal product of the resource multiplied by the resource price. b. simply means that a firm should add to its capital stock as long as competition requires it. c. equals the extra output produced by an additional unit of the resource multiplied by the price of that output. d. equals the average product of the resource multiplied by the cost of hiring an additional (marginal) unit of the resource.