Tiffany needs to assess the market risk in order to decide when to launch a new product. He decides to delegate the task of risk assessment to Joe who is a competent employee of the firm. Which of the following conclusions can be drawn from this?
a. Joe has the required tools and resources to carry out the order.
b. Joe is above Tiffany in the hierarchy of this firm.
c. The chances that Joe's assessment will be accurate are very high.
d. Tiffany is well equipped to analyze the information he passes on to Joe.
A
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An asset's liquidity depends upon
A) the absolute size of its value and how long it takes to sell the asset at market value. B) how long it takes to sell the asset at market value and the costs of selling the asset. C) the costs of selling the asset and the fraction of its value that can be obtained if it is sold immediately. D) the fraction of its value that can be obtained if it is sold immediately and the absolute size of its value.
Draw a graph illustrating the relationship between the demand curve of the perfectly competitive firm and the perfectly competitive industry. Label all curves and axes correctly.
What will be an ideal response?
When price is $10 the monopolist can sell 100 units. In order to sell 101 units, the price must fall to $9 . Which of the following is the monopolist's marginal revenue from selling the 101st unit?
a. -$91. b. $10 c. $99 d. $909
A profit-maximizing monopolist chooses the output level where MR = MC and chooses the corresponding price from the marginal revenue curve.
a. true b. false