Which of the following financial securities is most liquid?
A) a cashier's check B) a share of stock C) a $20 bill D) a savings account
C
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In Figure 5-1 from the text, if the price of pizzas is $8: a. how many pizzas will the consumer purchase? b. what is the payment for the optimal number of pizzas? c. how much consumer’s surplus will the consumer receive?
What will be an ideal response?
If business firms are more optimistic during the expansion phase of the business cycle, they
A) raise their expected rates of return on projects and investment increases. B) lower their expected rates of return on projects and investment increases. C) raise their expected rates of return on projects and investment decreases. D) lower their prices and increase investment.
The demand for products that provide benefit externalities is generally ________ the demand for products that do not
A) greater than B) less than C) the same as D) greater or less (depending on the market) than
Answer the following statements true (T) or false (F)
1) In a successive monopoly structure, if distributor has a constant marginal cost, the wholesale demand curve will lie below the retail marginal revenue curve. 2) Vertical integration is not an economically sound decision in a successive monopoly situation. 3) Vertical integration of a monopoly and a perfectly competitive firm does not yield greater economic profit. 4) If double marginalization exists between an upstream firm and a downstream firm, the vertical integration of the two firms will generate more economic profit. 5) The wholesale demand for a monopoly retailer depends of the retailer's marginal revenue.