Which diagram below illustrates the effects on the peanut butter market, if severe flooding destroys a large portion of the peanut crop in the economy?
In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
A. A
B. B
C. C
D. D
D. D
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Standardization of derivative contracts
A) increases their liquidity. B) is the rule with respect to contracts whose underlying asset is a financial security, but not for contracts whose underlying asset is a commodity. C) is the rule with respect to contracts whose underlying asset is a commodity, but not for contracts whose underlying asset is a financial asset. D) has been proposed many times by financial analysts, but has not yet been carried out by the SEC.
A monopolist restricts output and charges a higher price relative to what would occur if a market were perfectly competitive
a. True b. False Indicate whether the statement is true or false
Alfie Kohn and Demming are of the opinion that:
A. pay is a prime motivator. B. pay is not a motivator. C. incentive plans all work too well. D. work place and environment are not important motivators.
In the short run, a firm will produce a rate of output where marginal revenue equals marginal cost, even if total revenue is less than total cost, as long as total revenue exceeds total variable cost
Indicate whether the statement is true or false