Given a price elasticity of demand of -0.8, a decrease in price will
A) reduce total revenue.
B) increase total revenue.
C) leave total revenue unchanged.
D) decrease quantity.
Answer: A
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Since all assets typically do not move together, how can investors typically reduce risk?
A) Purchase only the best performing assets. B) Diversify one's portfolio across different asset classes. C) Avoid poor performing assets. D) Actively manage one's portfolio.
Over the last 140 years or so, on average Canada's real GDP per-person grew faster than that of the U.K
a. True b. False Indicate whether the statement is true or false
If the Herfindahl-Hirschman Index of an industry is less than 1,000, then the Antitrust Division of the Justice Department
A. considers the industry unconcentrated. B. will challenge any merger that would increase the index by over 100 points. C. considers the industry already concentrated. D. will challenge any merger that raises the index by more than 50 points.
Which of the following is true if the total variable cost curve is rising?
a. Average fixed cost is increasing. b. Marginal cost is decreasing. c. Marginal cost is increasing. d. Average fixed cost is constant.