The market supply curve for any product:
a. always depends on the market demand for that product.
b. depends on the general income level of the consumers in the market.
c. is a summation of individual firms' supply curves.
d. equals the total revenue generated through sale of the commodity.
e. is affected by the prices of related products.
c
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Issuing tradable emission allowances to polluting firms will result in those firms polluting more than is socially desirable
Indicate whether the statement is true or false
The table below gives data on output for a firm in the short run. The firm is able to hire labor and its TPP is given. Compute the APP, MPP, and MRP for labor if the price of the good is fixed at $12 per unit. LABORTPPAPPMPPMRP14_______________29_______________315_______________421_______________526_______________630_______________733_______________835_______________936_______________
What will be an ideal response?
An investor can acquire shares of stock in Acme Corporation either by purchasing shares on the stock market or by purchasing a bond that is convertible into shares of Acme stock
After careful study, the investor discovers that she can profit by purchasing the bond, converting it to shares of stock, and selling the stock. This practice is called: A) selling short. B) arbitrage. C) profiteering. D) dumping. E) none of the above
Which of the following is true of R2?
A. R2 is also called the standard error of regression. B. A low R2 indicates that the Ordinary Least Squares line fits the data well. C. R2 usually decreases with an increase in the number of independent variables in a regression. D. R2 shows what percentage of the total variation in the dependent variable, Y, is explained by the explanatory variables.