A student figured out that the HHI for an industry was 13,000. What is the proper conclusion?
A. The student made some computational errors.
B. The market is close to perfectly competitive.
C. The market is served by a monopoly.
D. The market is monopolistically competitive.
Answer: A
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A firm wishes to shut down an office and fire 100 employees. The company will save $3000 per month per employee. It is estimated that each employee contributes $4,100 to the company. The firm rents office space for this group of employees at $1500 . What should the company do?
a. Fire the employees and save $1500 on rent b. Not fire the employees keeping them generates a profit of $1100 per employee c. Not fire the employees since keeping them generates a profit of $1085 per employee d. None of the above
Which of the following actions is most likely to lead to an increase in the money supply?
A) Fed purchases of government securities B) an increase in the required reserve ratio C) an increase in the discount rate D) none of the above
The effect of a change in taxes is less than the same sized change in government purchases because...
What will be an ideal response?
Refer to the diagram. Assuming no union or relevant minimum wage, the firm represented will hire:
A. Q 2 workers and pay a W 4 wage rate.
B. Q 2 workers and pay a W 1 wage rate.
C. Q 3 workers and pay a W 2 wage rate.
D. Q 4 workers and pay a W 1 wage rate.