Which of the following is correct?
A. There is no relationship between MP and MC.
B. When AP is rising MC is falling, and when AP is falling MC is rising.
C. When MP is rising MC is rising, and when MP is falling MC is falling.
D. When MP is rising MC is falling, and when MP is falling MC is rising.
Answer: D
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Which of the following would be considered a transaction deposit?
A) passbook savings account B) checking account C) 401(k) retirement account D) credit card account
Requiring the buyer of one good to purchase another good as well is termed
a. predatory pricing. b. price discrimination. c. tying contracts. d. exclusive dealing.
Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her
home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce. Ziva's accountant would calculate the total cost for the day of farming to equal a. $25. b. $130. c. $300. d. $380.
According to the text discussion of efficient capital markets, which of the following would a well-trained economist recognize as logical and expected?
A. Experienced investors pay handsome sums to get investment advice from expert advisors B. Monkeys throwing darts at a financial page can hit stocks that perform as well as stocks picked by financial experts C. The best managed companies usually earn higher returns than companies rated lower on the list of well managed companies D. Only expert investors should invest in the stock market