Using the SSNIP test, if two firms merge and the result is that the new, merged firm can raise the price of its product by ________ percent for ________ year(s), then the product the merged firm produces represents a market.
A) one; five B) five; five C) five; one D) one; one
C) five; one
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Which of the following statements is true?
a. TC = TFC ? TVC. b. AVC = TC / Q. c. TFC = TC ? TVC. d. MC equals the change in ATC divided by the change in Q.
A person who is in a 31 percent marginal tax bracket and has a total taxable income of $100,000 will owe $31,000 in taxes
a. True b. False Indicate whether the statement is true or false
Which of the following sequences caused E1 to shift to E2?
a. S1 shifted to S2, but D1 shifted further to D2, thereby causing P2 to move to P1 and Q2 to move to Q1.
b. D1 shifted to D2, but S1 shifted further to S2, thereby causing P2 to move to P1 and Q2 to move to Q1.
c. D1 shifted to D2, but S1 shifted further to S2, thereby causing P1 to move to P2 and Q1 to move to Q2.
d. S1 shifted to S2, but D1 shifted further to D2, thereby causing P1 to move to P2 and Q1 to move to Q2.
Which one of these statements is true?
A. Most of the largest U.S. corporate mergers and acquisitions have occurred since 1995. B. There is no discernable trend toward corporate bigness. C. Conglomerate mergers are all vertical mergers. D. In general, the deregulation of the airlines industry has led to higher costs and higher prices.