The above table gives techniques that Fatz confectionery can use to produce 2,000 pounds of candy
If the cost of capital is $20 per unit and the cost of labor is $40 per unit, the economically efficient technique for producing 2000 pounds of candy is A) A.
B) B.
C) C.
D) D.
C
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A firm's decision to invest in a project is based on the
A) real interest rate and expected total revenue. B) nominal interest rate and expected total revenue. C) nominal interest rate and the expected profit. D) real interest rate and the expected profit.
The Financial Services Modernization Act
A) effectively repealed the Glass-Steagall Act of 1933. B) increased restrictions on cross-ownership of different types of financial institutions. C) allowed mergers between commercial banks and investment banks, but not between commercial banks and insurance companies. D) All of the above.
Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens?
a. It will rise b. It will fall c. Uncertain d. None
The public policies designed to mitigate the effects of monopolies are:
A. highly debated issues. B. well-defined and accepted. C. highly effective. D. proven to increase benefits more than increase costs.