Market-based management firms do not have structures like headquarters

Indicate whether the statement is true or false


False

Economics

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Using the data in the table above, gross domestic product equals

A) $1,920. B) $1,940. C) $2,150. D) $2,400.

Economics

Firms that face capacity constraints can only increase output only up to the capacity, but no further. Therefore, firms

a. Should price to capacity as long as MR > MC b. Should price to capacity as long as MR = MC c. Should price to capacity as long as MR < MC d. Should not take capacity into consideration in pricing decisions

Economics

Under a floating rate system, exchange rates are determined by supply and demand in the foreign exchange market without government intervention

a. True b. False

Economics

There are some special types of goods for which supply cannot change, irrespective of the length of time allowed for change, such as Beethoven symphonies. The price elasticity of supply for these goods is _____

a. infinite b. nonexistent c. negative d. zero e. unity

Economics