Corporate culture can be a strategic asset if it
A) adds value.
B) adds value and can be duplicated.
C) adds value and cannot be duplicated.
D) can be franchised.
C
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Which of the following is a commonly-cited benefit of advertising?
a. Advertising can be a signal of the quality of a product. b. Advertising impedes competition. c. Advertising reduces the deadweight loss associated with monopolistic competition. d. Advertising encourages free entry, which increases profits.
In the equation of exchange, the average number of times a dollar is used to purchase a final good or service is the __________ of money
A) turnover B) elasticity C) velocity D) transfer
How would an economist represent the concept of diminishing marginal utility graphically?
a. a line with a positive slope b. a line with a negative slope c. a horizontal line d. a vertical line
In the above figure, if the market price is less than $7, the firm
A. produces 10 units. B. produces 0 units. C. produces 8 units. D. produces 11 units.