Given that the income of franchise restaurant managers is directly tied to profits and the income of the manager of the company-owned restaurant is paid a flat fee, we might expect profits to be:
A. higher in company-owned restaurants.
B. equal in both types of restaurants.
C. lower in company-owned restaurants.
D. None of the statements are correct.
Answer: C
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The main objective of financial liberalization is ________
A) to encourage financial innovation B) to improve the allocation of financial capital C) to discourage volatility in financial markets D) to reduce the likelihood of a credit boom
Suppose Kate's Great Crete (KGC) has annual variable costs of VC = 30Q + 0.0025Q2 and marginal costs of MC = 30 + 0.005Q, where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Qd = 20,000 - 400P. What is the profit maximizing sales price?
A. $47.70 B. $30.00 C. $45.00 D. $50.00
One great challenge to choosing programs to fund is:
A. knowing whether the program is truly the cause of any observed improvement. B. raising the revenue to assess a program's viability. C. poor record keeping. D. All of these present large challenges.
The country with the largest trade surplus as a percentage of GDP in 2009 was
A. Japan. B. China. C. Germany. D. England.