If a firm goes bankrupt and liquidates its assets, both stockholders and bondholders are responsible for any remaining debt.
Answer the following statement true (T) or false (F)
False
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Which of the following is the best example of a perfectly competitive industry?
A) steel production B) airplane production C) wheat production D) electricity production
Inflation is generally the result of total spending growing faster than total production
Indicate whether the statement is true or false
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Considering both country's production possibilities frontiers, we can conclude that Country B will specialize in:
A. trucks, and be willing to accept no fewer than 3 cars for each truck.
B. cars, and be willing to give no more than 3 cars for each truck.
C. trucks, and be willing to accept no more than 3 cars for each truck.
D. cars, and be willing to give no fewer than 3 cars for each truck.
The market demand for a monopoly firm is estimated to be:Qd = 100,000 - 500P + 2M + 500PRwhere Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The manager has forecasted the values of M and PR will be $50,000 and $20, respectively, in 2016. The average variable cost function is estimated to beAVC = 520 - 0.03Q + 0.000001Q2Total fixed cost in 2016 is expected to be $4 million. The estimated marginal cost function is
A. SMC = 260 - 0.03Q + 0.000015Q2. B. SMC = 260 - 0.015Q + 0.000005Q2. C. SMC = 520 - 0.06Q + 0.000003Q2. D. SMC = 520 - 0.03Q + 0.000002Q2. E. none of the above