If a Japanese stereo priced at 1,000,000 yen can be purchased for $1,000, the exchange rate is:
a. 1,000 yen per dollar. b. 1,000 dollars per yen.
c. 0.001 dollars per yen. d. none of these.
c
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Deadweight loss measures the inefficiency as the loss of
A) consumer surplus only. B) consumer surplus minus producer surplus. C) consumer surplus plus producer surplus. D) producer surplus only.
A company's capital structure is made up of 40% debt and 60% common equity (both at market values). The interest rate on bonds similar to those issued by the company is 8%. The cost of equity is estimated to be 15%. The income tax rate is 40%
The company's weighted cost of capital is A) 11.5%. B) 12.2%. C) 10.9%. D) 8.9%.
Refer to Scenario 14.4. Suppose that the price of the product rises to $5, the number of workers hired
A) will decrease. B) will increase. C) will not change. D) cannot be determined without knowing the wage rate.
Protective tariffs will tend to shift:
A. Supply toward foreign products B. Demand toward foreign products C. Demand toward domestic products D. Have no effect on demand or supply