When will a profit-maximizing firm shut down?
a. when ATC x q is more than VC
b. when ATC x q is less than VC
c. when P x q is more than VC
d. when P x q is less than VC
d. when P x q is less than VC
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Monique buys a new television for $795. She receives consumer surplus of $355 from the purchase. How much does Monique value her television?
A) $355 B) $440 C) $795 D) $1150
To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is not very efficient c. when employees fail to respond to incentive contracts d. when incentives solve both moral hazard and adverse selection problems with employees
Here is how an open market sale works: A commercial bank __________ government securities to (from) the Fed, which lowers the bank's deposits at the __________ and __________ the bank's __________
A) buys; Fed; lowers; reserves B) sells; Treasury; raises; reserves C) sells; Fed; raises; reserves D) buys; Treasury; lowers; liabilities E) none of the above
What is dumping?
What will be an ideal response?