Total revenue for a firm equals cost times quantity sold by the firm
a. True
b. False
Indicate whether the statement is true or false
False
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The economist John Kenneth Galbraith (1979) lists several major sources of weakness in the economy that laid the groundwork for the collapse of the 1930s. These sources include all of the following except
(a) A weak banking structure (b) Ignorance of the economy's problems by the nation's leaders (c) An overgrown federal bureaucracy with extensive regulation of the private economy (d) An increasingly unequal distribution of income
Using one day’s stock price to predict the price for the next day is a good investment strategy, given that stock prices have been shown not to follow a “random walk.”
Answer the following statement true (T) or false (F)
According to OLI theory, a firm might be unwilling to license its production to a foreign firm for fear that its technology may be stolen or its brand name harmed, which leads the firm to internalize control over its asset and set up its own foreign subsidiary
Indicate whether the statement is true or false
Suppose that once a well is dug, water flows out of it continuously without any additional effort. Customers collect their water and pay a per gallon fee when they leave the site of the well. In the short run, the competitive firm in this market
A) has no variable costs. B) has no fixed costs. C) will shut down. D) can produce water at no cost.