Which of the following is a lagging indicator?
a. Outstanding commercial loans.
b. Duration of unemployment.
c. Prime rate.
d. All of these.
d
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Which of the following is a listing of the types or categories of resources?
A. Land, labor, and capital B. Land, labor, and education C. Land, labor, and efficiency D. Land, labor, and markets E. Land, labor, and inputs
The marginal revenue curve for a monopolist is
a. always above the demand curve. b. generally below the average cost curve. c. always above the average revenue curve. d. always below the demand curve.
Which of the following equations is used to determine per unit profit?
a. P* รท ATC b. P* x ATC c. P* + ATC d. P* ? ATC
There are 30 firms in an industry. What happens to that industry's four-firm concentration when the third- and fourth-largest firms merge?
A) Nothing, because their shares are already included in the concentration calculation. B) The industry's concentration ratio will fall. C) The industry's concentration ratio will increase. D) It is impossible to know without more information.