Under perfect competition, no matter how much output is produced, the total revenue curve is:
a. a positively-sloped line.
b. a negatively-sloped line.
c. a horizontal straight line.
d. a U-shaped curve.
e. a hill-shaped curve.
a
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Identify the type of merger in each of the following situations and indicate how the post-merger concentration ratio for the industry is affected
a. A steel company merges with a coal and iron ore mining company.b. Staples, a retailer of office supplies, acquires Office Depot, another retailer of office supplies.c. An oil company merges with pipeline, shipping, and railroad companies as well as refineries and gas stations.
If you were to invest $10,000 for two years and the interest rates for each of those years are 4.5% and 4.65% respectively, how much interest would you earn from the end of year one until the end of year two? Assume interest compounds annually.
What will be an ideal response?
When demand for labor is highly inelastic, many workers lose their jobs when the minimum wage is raised
Indicate whether the statement is true or false
Based on Table 9.2, total savings, private plus public, is equal to
A) 3 percent of GNP. B) 18 percent of GNP. C) 16 percent of GNP. D) 20 percent of GNP.