The exchange of one good for another, without the use of money, is known as
a. acquisitive exchange
b. liquidity
c. volatility
d. barter
e. currency
D
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You have a bond that pays $125 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
A) The likelihood that the firm issuing your bond will default on debt increases. B) Coupon payments on newly-issued bonds rise to $140 per year. C) The price of a share of stock in the company falls. D) Coupon payments on newly-issued bonds fall to $75 per year.
A monopolist who is maximizing profits produces to the point at which
A) marginal cost and average total cost are equal. B) price, marginal cost and average variable cost are equal. C) price is greater than marginal cost. D) price is greater than average total cost.
If the price of tuna fish increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the tuna fish producer could increase its total revenue by
a. lowering price. b. decreasing quantity supplied. c. leaving price the same. d. raising price. e. decreasing supply.
Which of the following are examples of situations with negative network externalities?
A. All of the above B. A crowded beach C. Clothing made to order D. A rare work of art