Which of the following mergers would result from the purchase of a computer chip company by IBM?
a. A horizontal merger.
b. A vertical merger.
c. A conglomerate merger.
d. An interlocking merger.
b
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Advertising claiming superior quality of a product makes its demand
a. More elastic b. Less elastic c. Perfectly elastic d. None of the above
Samantha has been working for a law firm and earning an annual salary of $90,000 . She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which
she was earning annual interest of $1,000 . Assuming that there are no additional expenses, Samantha's annual explicit costs will equal a. $55,200 b. $221,400 c. $91,000 d. $146,200 e. $145,200
When negative externalities like pollution exist, competition leads to:
A. a socially efficient outcome. B. too few goods being bought and sold. C. a market equilibrium price that is too high. D. more production than would be efficient.
Refer to the below table and information. What is the equilibrium interest rate?
The schedule shows various interest rates, the associated quantity demanded of loanable funds, and the quantity supplied of loanable funds in billions of dollars at those interest rates.
A. 4 percent
B. 6 percent
C. 8 percent
D. 10 percent