The learning curve is graphically represented as a plot of:
A) labor per unit on the horizontal axis and total cost on the vertical axis.
B) labor per unit on the horizontal axis and total number of units produced on the vertical axis.
C) total cost on the vertical axis and total number of units produced on the horizontal axis.
D) labor per unit on the vertical axis and cumulative number of units produced on the horizontal axis.
D
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If every participating firm has the same marginal benefit from industrywide advertising, then ________.
A) requiring every firm to pay the same amount for advertising is not likely to create dissatisfaction amount the firms B) every firm should be required to pay nothing for the advertising C) requiring every firm to pay different amounts for advertising is not likely to create dissatisfaction amount the firms D) requiring every firm to pay the same amount for advertising is likely to create dissatisfaction amount the firms
In 2011, the top 20% of US families had more than times as much income as the bottom 20%
Which of the following is correct?
a. Joan takes some of her income and buys mutual fund shares. Joan's purchase will be included in the investment category of GDP. b. If a share of stock in Virtual Pizza Corporation sells for $77, the earnings per share are $5, and the dividend per share is $2, then the P/E ratio is 11. c. In order to use equity finance, a firm must sell about equal values of stocks and bonds. d. None of the above is correct.
In the equation of exchange, the letter "V" stands for
A) variance. B) validity. C) volume. D) velocity.