Under J.C. Penney's everyday low pricing policy, the everyday low prices
A) were always lower than the sale prices under the previous policy.
B) ended up being the highest prices ever charged by the company.
C) ended up being higher than the sale prices under the previous pricing policy.
D) were not actually charged every day, but only once a month during half-off sales.
C
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Samantha has been working for a law firm and earning an annual salary of $90,000 . She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which
she was earning annual interest of $1,000 . Assuming that there are no additional expenses, Samantha's annual implicit costs will equal a. $55,200 b. $221,400 c. $91,000 d. $146,200 e. $145,200
The model in which one firm sets its price first, and others in the industry charge the same price is known as:
a. the Nash equilibrium. b. price leadership. c. a tit for tat strategy. d. prisoners' dilemma.
General Electric, a U.S. company, buys $50 million of Japanese securities. This transaction causes the U.S.:
A. financial and capital account balance to decrease. B. financial and capital account balance to increase. C. current account balance to decrease. D. current account balance to increase.
Why is the money demand curve down sloping?
What will be an ideal response?