Using capital budgeting, managers seek to answer which of the following questions?
A) Does the anticipated future cost exceed the profit enjoyed in the current period?
B) What is the expected future cost?
C) What is the expected future profit?
D) Does the anticipated future profit cover the cost incurred in the current period?
D) Does the anticipated future profit cover the cost incurred in the current period?
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Answer the following statements true (T) or false (F)
1) All else equal, a cartel sets the price higher and produces less than in a competitive market. 2) Each firm in a cartel has an incentive to cheat on the agreement and produce less than the bargained amount. 3) Firms in a cartel produce a quantity at which marginal revenue exceeds marginal cost. 4) If new firms enter a cartel market, the cartel can either incorporate the new firms into the agreement or exclude them, but regardless of inclusion or exclusion, the probability that the cartel will survive decreases. 5) In order to sustain a cartel, members are required to sign binding contracts.
Reorganization of the airline industry came in two waves, one led by large long-established airlines and the other led by new entrants to the industry
Indicate whether the statement is true or false
.Which of the following would be true if money were not used as a medium of exchange?
What will be an ideal response?
When market failure occurs, the role of government is to
A. Do nothing. B. Eliminate markets. C. Push market outcomes closer to the ideal. D. Create an alternative to markets.