If the stock market value of a firm is $10 million and the firm owns $15 million of capital, then Tobin's q equals
A. 4.
B. 2/3.
C. 3/2.
D. 1.
Answer: B
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Use the following table to answer the next question.OutputATC Plant 1ATC Plant 2ATC Plant 3ATC Plant 41,500$10$15$20$302,00081217252,50091015203,00012813183,50015611164,00018109144,50020127125,000241511105,50029191386,0003525159Plant sizes get larger as you move from Plant 1 to Plant 4. In the long run, the firm should use Plant 3's size for what level of output?
A. Less than 3,000 units B. 4,000 to 4,500 units C. 3,000 to 3,500 units D. 5,000 to 5,500 units
A country's long-run aggregate supply curve will shift to the left when there is (are)
A) fewer regulatory impediments to business. B) a discovery of new oil reserves in that country. C) a reduction in the labor force. D) a reduction in the money supply.
In the United States, long-term poverty affects
a. more families than short-term poverty. b. an equal number of families as short-term poverty. c. slightly fewer families than short-term poverty. d. many fewer families than short-term poverty.
The International Monetary Fund was established to manage the Bretton Woods System.
Answer the following statement true (T) or false (F)