The principal econometric techniques used in measuring demand relationships are:
a. the standard deviation
b. regression
c. correlation analysis
d. the coefficient of determination
e. both b and c
e
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Monopolies tend to
A) hire more labor than duopolists or competitive firms, hence they are inefficient. B) hire more labor than competitive firms but less than duopolists. C) hire less labor than competitive firms because they produce at an inefficient level. D) hire more labor because they produce at an inefficient level.
A corporation is an entity separate and distinct from its owners
a. True b. False Indicate whether the statement is true or false
The sale of government securities by the Fed will cause
a. a decrease in both the monetary base and the money supply. b. an increase in both the monetary base and the money supply. c. an increase in the monetary base but no change in the money supply. d. a decrease in the monetary base but no change in the money supply.
If hiring more workers results in each additional worker contributing successively smaller amounts of output, then which of the following is present?
a. diminishing profitability b. diminishing total product c. diminishing marginal product d. Both b and c are correct.