Refer to the above table. If the price is $3, the perfectly competitive firm should produce
A. 104 units.
B. 105 units.
C. 103 units.
D. 102 units.
Answer: D
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Disclosure laws:
A. are an example of how government attempts to solve information asymmetry in markets. B. are an example of how government attempts to screen unethical businesses out of the marketplace. C. are an example of how government forces businesses to signal to consumers if they are credible. D. are a way businesses can build their reputation.
In a given year, U.S. nominal GDP was $2,784 billion and the GDP chain price index for that year is 60.4 . Real GDP is:
a. $1,682 billion. b. $4,609 billion. c. $3,889 billion. d. $4,000 billion.
Which of the following factors would not be considered by a technical analyst when predicting a firm's stock price?
a. a large drop in the stock price yesterday b. a "head and shoulders" pattern in the recent movements of the stock's price c. the likely success of the firm's new product line d. the probable behavior of other buyers and sellers of the stock e. a large jump in the stock's price last week
Use the figure below to answer the following question.
What is the amount of government revenue after the government imposes the excise tax on the market?
A. $16 B. $40 C. $20 D. $32