Stocks are
A. promises to repay loans.
B. a liability of a corporation.
C. a liability of a proprietorship.
D. shares of ownership in a corporation.
Answer: D
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If a third-degree price-discriminating pure monopoly sells the same product in two markets but charges a higher price in market X and a lower price in market Y, the pricing difference indicates that demand is ________.
A. relatively more elastic in market X than market Y B. the same in both market X and Y C. relatively less elastic in market Y than market X D. relatively less elastic in market X than market Y
The above table gives data on two variables. If these data were graphed, the slope of the line would be
A) 1. B) -2. C) 2. D) -4.
Intellectual property rights provided by patent systems typically ________
A) provide tax incentives to encourage research and development B) allow for the depreciation of capital C) compensate the government for building infrastructure D) last about twenty years
Suppose the market demand function in a certain market where Q is measured in thousands of units is Qd = 20 - 2.5P, and the market supply function is Qs = 2.5P - 7.5. How much deadweight loss would there be in this market if the quantity bought and sold was 8,500 units?
A. $2.03 B. $4.05 C. $1,800 D. $2,025