Which of the following is TRUE regarding the long run for a firm in monopolistic competition?
A) P = MC = ATC
B) P = MC = MR
C) ATC = MC = MR
D) P = ATC
D
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Oftentimes when a company's share price is very "high" it will choose to split the stock price and offer each shareholder one share for each they currently hold. Explain why companies might do this and what the effect is on shareholder wealth
What will be an ideal response?
In Marx's ideal communist society, the state:
a. actively promotes income incentives. b. does not exist. c. follows the doctrine of laissez faire. d. owns resources and conducts planning.
If a country experienced deflation, then
a. the nominal interest rate would be greater than the real interest rate. b. the real interest rate would be greater than the nominal interest rate. c. the real interest rate would equal the nominal interest rate. d. nominal GDP would be smaller than the money supply.
Which of the following individuals is part of the labor force?
A. The CEO of General Motors B. A retired schoolteacher C. A stay-at-home mom D. A woman serving seven years in the penitentiary for selling drugs