A change in all of the following variables will change the market demand for a product except
A) the price of the product. B) tastes.
C) income. D) population and demographics.
A
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When GDP is measured as the total payments made to households that furnish the resources used to produce the final goods and services, it is known as:
a. the income approach. b. the expenditure approach. c. the depreciation approach. d. the aggregate demand approach. e. net national product.
A monopolist can sell 300 units of output for $45 per unit. Alternatively, it can sell 301 units of output for $44.60 per unit. The marginal revenue of the 301st unit of output is
a. -$120.00. b. -$75.40. c. -$0.40. d. $75.40.
The last year we did not have a deficit in our current account was
A. 1960. B. 1973. C. 1986. D. 1991.
Refer to the table. A merger between Firm 1 in Alpha and Firm 2 in Delta would be a:
Answer the question on the basis of the following table showing market shares of firms in hypothetical industries. Assume these are distinct industries with no buyer-seller relationships or competition among them.
A. vertical merger.
B. horizontal merger.
C. conglomerate merger.
D. diagonal merger.