The financial systems of __________ have major firms working all their external financing through a single bank
A) Japan and the United Kingdom
B) the United States and the United Kingdom
C) Germany and the United Kingdom
D) Japan and Germany
D
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When oligopolies seek to operate as a single-price monopoly, the firms produce at the point where:
A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.
As a company adds the first four workers to its production process in the short run, its output rises from 0 to 12 to 25 to 35 to 43 . Addition of the fifth worker will most likely lead to an output rate
a. greater than 51. b. equal to 51. c. less than 51. d. greater than 51 if the firm experiences diseconomies of scale. e. none of the above.
A decrease in the price of domestically produced nuclear reactors will be reflected in Select one:
a. both the GDP deflator and the consumer price index.
b. neither the GDP deflator nor the consumer price index.
c. the GDP deflator but not in the consumer price index.
d. the consumer price index but not in the GDP deflator.
Fixed costs remain the same regardless of the level of production.
Answer the following statement true (T) or false (F)