A monopolistically competitive firm influences market price by virtue of its size.
Answer the following statement true (T) or false (F)
False
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If there is an excess supply of sport utility vehicles, then:
A. quantity demanded is greater than quantity supplied. B. quantity supplied is greater than quantity demanded. C. demand is greater than supply. D. supply is greater than demand.
Transcendent Alternatives Transcendent Technologies is deciding between developing complicated, thought-activated software, or simple, voice-activated software. The voice-activated software would cost $50 million to develop and has a 60% chance of being
successfully launched and generating revenue of $100 million. The thought-activated software would be a bonanza if successful, generating $1 billion in revenue. But it is so complicated, it is projected to cost would be $400 million. How likely would success have to be for Transcendent Technologies to opt for the thought-activated software?
The following input-requirements data are for Country A, a capital-abundant country that produces nothing but bread and wine using only capital and labor as inputs. Based on this information, which of the following statements is true? 1 Pound of Bread1 Gallon of WineCapital Input5 units2 unitsLabor Input4 units1 unit
A. The inputs are used in the same proportion in the production of both the goods. B. Wine is a relatively capital-intensive good. C. Bread is a relatively capital-intensive good. D. In the absence of trade, the wage rate is lower than the rental rate of capital in this country.
________ of income redistribution argue that redistribution ________ those who, through no fault of their own, are unable to earn an adequate income.
A. Opponents; helps B. Proponents; harms C. Proponents; helps D. Opponents; harms