The short-run shutdown price for a perfectly competitive firm is where price equals
A) minimum ATC.
B) AR.
C) MR.
D) minimum AVC.
D
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The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except
A) a decrease in current taxes. B) a decrease in future taxes. C) an increase in current income. D) an increase in future income.
A risk-neutral individual will make investment decisions purely based on expected value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) expected value is always more than expected utility.
Which of the following addresses agency costs?
a. advertising for employee positions in as many outlets as possible b. hiring only from job fairs c. instituting longer work days d. replacing closed offices with cubical office spaces
Fabien offers to sell his Graphic Signs LLC business to Hanna for $100,000. Hanna replies, “The price is too high. I will pay $75,000.” Hanna has
a. made a counteroffer without rejecting the offer b.rejected the offer without making a counteroffer, c. accepted the offer. d. rejected the offer and made a counteroffer.