One of the management groups is arguing for a price reduction as a way to sell more gallons and increase income. Is this a good suggestion?
What will be an ideal response?
A price reduction will move the firm on to the inelastic portion of the demand curve and reduce its revenue and raise its costs since it produces more.
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The liabilities side of a central bank's accounts consists of
A) deposits held by private banks. B) currency in circulation. C) deposits held by private banks and currency in circulation. D) deposits held by foreign banks, domestic assets, and currency in circulation. E) foreign assets and domestic assets.
During the Great Depression, the Federal Reserve Board: a. prevented many bank failures
b. failed to act as a lender of last resort. c. failed to clear checks adequately. d. began operating as the government's bank. e. issued too many bank notes.
a compensation method that does not work through rewards
What will be an ideal response?
Natural monopolies are mostly regulated industries because otherwise too many firms would enter the market and price would be driven too low for any firm to offer goods for a profit.
Answer the following statement true (T) or false (F)