A price searcher who determines selling prices by adding some standard percentage to margin, cost
What will be an ideal response?
may be maximizing net revenue subject to the limited information available.
You might also like to view...
The necessary ingredients for DNA synthesis can be mixed together in a test tube. The DNA polymerase is from Thermus aquaticus, and the template is from a human cell. The DNA synthesized would be most similar to
A. T. aquaticus DNA.
B. T. aquaticus RNA.
C. human RNA.
D. a mixture of human and T. aquaticus DNA.
E. human DNA.
The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 5 to 6 units?
A) $18 B) $4 C) $3 D) -$2
If firms pay what are called "efficiency wages," they pay wages that
A) are lower than average to ensure maximum profit. B) are mandated by the government. C) will eventually lower the unemployment rate. D) motivate workers to increase their productivity.
Which of the following is not a reason for regulation of U.S. financial markets?
A) Protection of individual investors B) Disclosure of information about securities is the best way to safeguard investors C) Full disclosure broadens investor's participation in the financial markets D) The operation of financial markets requires government regulation if they are to be efficient in channeling funds from savers to borrowers.