An entry barrier exists when firms in an industry charge the lowest price possible for their products
Indicate whether the statement is true or false
FALSE
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A firm may express increasing, constant and decreasing returns to scale for various levels of output
Indicate whether the statement is true or false
Because of the relationship between an asset's real rate of return and its risk, one would expect to find all of the following, except one. Which one?
A) Corporate stocks have higher rates of return than U.S. Treasury bonds. B) Corporate stocks have higher rates of return than U.S. Treasury bills. C) Corporate stocks have higher rates of return than corporate bonds. D) Stocks of smaller companies have higher expected rates of return than stocks of larger companies. E) Mutual funds including stocks of companies in politically volatile developing countries do not have as high a rate of return as mutual funds restricted to stocks of companies in developed economies.
Refer to the graph below. Critics of supply-side economics would argue that tax rates are currently between:
A. b and d and that a decrease in tax rates will decrease tax revenues
B. 0 and b and that a decrease in tax rates will decrease tax revenues
C. 0 and b and that a decrease in tax rates will increase tax revenues
D. b and d and that a decrease in tax rates will increase tax revenues
Use the table below to answer the following question.PriceQuantity Supplied$101089684726Over the $8 to $6 price range, supply is
A. zero. B. unit-elastic. C. elastic. D. inelastic.