If the demand curve for a product slopes downward and to the right, it indicates that more of the product is demanded as its price is lowered
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
If the demand curve of a product slopes downward and to the right, it indicates that more of the product is demanded as the price is lowered. In other words, if manufacturers of the product put a greater quantity on the market, then their hope of selling all of it will be realized only by selling it at a lower price.
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Trial courts differ from inferior courts in that the trial courts:
A. are limited by the amount of civil damages that can be awarded. B. are courts of record, and their decisions can be appealed. C. are called municipal courts in urban areas. D. are courts of limited jurisdiction.
Performance feedback is typically not necessary for newly empowered employees.
Answer the following statement true (T) or false (F)
A foreign company has offered to buy 75 units for a reduced sales price of $350 per unit. The marketing manager says the sale will not affect the company's regular sales. The sales manager says that this sale will require variable selling and administrative costs. The production manager reports that there is plenty of excess capacity to accommodate the deal without requiring any additional fixed costs. If Luna accepts the deal, how will this impact operating income? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Luna Company makes special equipment used in cell towers. Each unit sells for $400. Luna produces and sells 12,600 units per year. They have provided the following income statement data:
A) Operating income will increase by $18,512.
B) Operating income will decrease by $18,512.
C) Operating income will increase by $26,250.
D) Operating income will decrease by $26,250.
Define moral hazard in a financial sense. What must be present for moral hazard to arise? Describe the moral hazard that occurred with the Great Recession of 2007 - 2009. How could this type of behavior be avoided in the future?
What will be an ideal response?