A "specialist" is a
a. stockholder who finds buyers and sellers for specific stocks, but also operates outside of specific stock markets.
b. person who works on the floor of the New York Stock Exchange and specializes in certain stocks.
c. stockbroker who operates only in a particular regional stock market.
d. stockbroker who specializes in the "third market."
b
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The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________
A) $20; $6 B) $20; $10 C) $10.40; $8 D) unable to be determined; $8
"Unions in the United States have helped raise the incomes of union workers as compared to nonunion workers." Do you agree or disagree? Why?
What will be an ideal response?
Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15 4 18 5 19 Exhibit 6-1 shows the change in the production of pizzas as more workers are hired. The marginal product of the labor input begins to fall with the employment of the
A. first worker. B. second worker. C. third worker. D. fourth worker.
Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAThe highest opportunity cost anywhere in Table 1.1 for Stealth bombers in terms of B-1 bombers is
A. 0.5 B bombers B. 3 B bombers C. 2 B bombers D. 1 B bombers