Assume a factory that currently employs 25 workers is considering adding another 5 workers to its payroll. Economists would classify this as:
A) a short-run decision.
B) a long-run decision.
C) neither a short-run nor a long-run decision.
D) both a short-run and a long-run decision.
A
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According to Scenario 8.1, Fizzle and Sizzle
A) would be perfectly competitive if their purification costs were equal; otherwise, not. B) would be perfectly competitive if it costs Fizzle $500,000 yearly to keep that land. C) may or may not be perfect competitors, but their position on the river has nothing to do with it. D) cannot be perfect competitors because they are not identical firms.
A publicly traded firm has 4 million shares of stock outstanding, with a current share price of $50. The value of its plant and equipment is $250 million. Its profit annually is $50 million. Tobin’s q for this firm is
a) 0.75 b) 0.80 c) 1.00 d) 1.20 e) 1.25
A monopolist charges a price that is ________ and produces ________ than a perfect competitor.
A. lower; more B. higher; more C. lower; less D. higher; less
Financial intermediation is best defined as the process by which
A) corporations issue new stock. B) liabilities are liquidated. C) financial institutions accept savings from savers and make loans to investors. D) inflation is controlled.