Increased deficit financing, following the use of expansionary fiscal policy by the U.S., will raise U.S. interest rates and causes the dollar to appreciate
Indicate whether the statement is true or false
True
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Predatory pricing occurs when a firm sells
A) above cost to any customers who have no good alternative. B) above cost to low-income customers who have no good alternative. C) at whatever prices the market will bear. D) below cost in order to eliminate competitors. E) only to customers who agree to rebate a portion of the price.
If production function q1 = f(L, K), which of the following production functions illustrates neutral technical progress?
A) q2 = f(1.25L, 1.25K) B) q2 = f(1.25L, K) C) q2 = f(L, 1.25K) D) q2 = 1.25 * f(L, K)
Tying can be thought of as a form of price discrimination
a. True b. False Indicate whether the statement is true or false
Answer the following questions true (T) or false (F)
1. A decrease in liabilities will reduce a firm's accounting profit. 2. Economic profit is the difference between a firm's revenue and its opportunity costs. 3. An increase in liabilities will reduce a firm's net worth.