A cost-benefit calculation that focuses on the difference between a feasible alternative and the next feasible alternative is called:
A) marginal analysis.
B) market analysis.
C) Pareto analysis.
D) behavioral analysis.
A
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A firm that charges a very low price would be practicing predatory pricing if
a. the price allowed only a small profit. b. the price would only be profitable if it succeeded in driving a rival out of the market. c. the price allowed profits that were positive but below those earned by other firms. d. it only offered the low price to its rivals' customers.
Costs not associated with a specific activity are
a. variable costs b. semivariable costs c. fixed costs d. indirect costs e. hidden costs
Risk
a. can be reduced by placing a large number of small bets rather than a small number of large bets. b. can be reduced by increasing the number of stocks in a portfolio. c. Both A and B are correct. d. Neither A nor B are correct.
Suppliers who are kept out of the market generally do not retaliate because:
A. they aren't hurt by the restriction. B. the costs of organizing and lobbying exceed the expected gains. C. government prevents them from organizing. D. the costs of organizing are higher than those of demanders.