Which of the following is(are) the characteristics of a bubble
a. Bubbles emerge when investors disagree about the particular economic importance of an event
b. Bubbles involve very large increases in trading volume
c. Bubbles may continue even when many expect a bubble and doesn't pop until a sufficient number of skeptical investors act simultaneously
d. All of the above
d
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Consider a firm with constant marginal cost that behaves competitively. A horizontal merger lowers the firm's marginal cost and causes the firm to behave like a monopoly. How does the merger affect producer's surplus, consumers' surplus, and social gain? Explain.
What will be an ideal response?
Profits are part of the
A) factor services. B) monetary value of output. C) final consumer goods. D) total income.
Most t-shirts bought by Americans are made in Asia. U.S. consumers of t-shirts buy these t-shirts because
A) they pay a higher price for t-shirts made in Asia than they would for similar shirts made in the United States. B) they pay a lower price for t-shirts made in Asia than they would for similar shirts made in the United States. C) they must buy some goods or services produced in Asia. D) by so doing they are helping preserve U.S. jobs producing t-shirts. E) they know that the United States has a comparative advantage in wearing t-shirts.
What is the average cost per unit for producing 3 units? a. 200. b. 260. c. 70
d. 110.