Some electrical utilities are monopolies because of
A) government restrictions that prevent new firms from entering the market.
B) ownership of resources without close substitutes.
C) diseconomies of scale.
D) their inability to earn profits.
Answer: A
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Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States is represented by the following set of equations:QS = -25 + 10PQD = 875 - 5PIn the absence of international trade in MP3 players, how many MP3 players will be sold in the United States?
A. 925 B. 608 C. 575 D. 825
Any point above the budget line
a. is unaffordable. b. means you have spent all your income. c. means you have some income left over. d. means none of the above.
If a senior manager wishes to see her proposal win support, then she should:
A. likely to design a proposal that can be modified easily. B. design a proposal that will yield high returns if successful. C. wait for the CEO to change the organizational architecture. D. wait for the senior management to ask for her proposal.
Walmart hires approximately ________ employees per Supercenter store.
A. 100 B. 300 C. 200 D. 450