You are a restaurant owner buying vegetables from a local farmer. You recently found out that another one of the farmer's clients, a competing restaurant has shut down, what would that do to your bargaining power?
a. Increase your bargaining power
b. Decrease your bargaining power
c. Not affect your bargaining power
d. None of the above
a
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If the economic profit generated by a firm is zero and its implicit costs are greater than zero, then
A. accounting profit is also zero. B. accounting profit is less than zero. C. new firms will enter the industry. D. accounting profit is greater than zero.
Budget deficit
What will be an ideal response?
Which of the following is true?
A) Reserves = required reserves - excess reserves. B) Reserves - required reserves = excess reserves. C) Reserves = required reserves + excess reserves. D) b and c E) a and b
Indifference curves further from the origin imply:
A. a lower level of satisfaction. B. the same level of satisfaction as any other curve. C. a higher level of satisfaction. D. None of the statements is correct.