Money is assumed to earn
A) no interest at all, being just currency in hand.
B) in checkable deposit form a rate below "the interest rate."
C) in checkable deposit form a rate equal to "the interest rate."
D) in checkable deposit form a rate above "the interest rate."
B
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Consider Figure 12.5. The outcome of the game is:
A. both confess. B. neither confesses. C. A confesses and B does not. D. B confesses and A does not.
Which of the following statements about a monopolistically competitive firm is FALSE?
A) It tries to differentiate its product from that of competitors. B) It may earn short-run economic profits. C) It produces the quantity at which MC=MR. D) It sets price like a perfectly competitive firm.
The demand curve of a perfectly competitive firm is determined by
a. the price the firm chooses to charge. b. the intersection of the market demand and supply curves c. the reputation of the firm. d. the level of the quality of the good the firm produces.
Companies often find it to be more profitable to use a commission or piece-rate system of compensation rather than a salary system, yet many firms continue to pay their workers salaries
List three reasons why a firm would choose a salary system of compensation.