The potential for profit-increasing false advertising is greatest for which of the following goods?
A) disposable diapers
B) a refrigerator
C) laundry detergent
D) spray window cleaner
B) a refrigerator
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Mitsubishi Corporation of America builds a car in Normal, Illinois, and ships it to Japan for sale. In which country’s GDP is this production included?
A. Japan B. Both Japan and the United States C. In Japan as retail value and the United States as wholesale value D. Half the value in Japan and half in the United States E. The United States
Compare the Board of Governors and the Federal Open Market Committee
How producers respond to the complex wants of the population without having huge shortages or surpluses is amazing because ______.
a. producers are constantly competing against each other b. computer software is an insufficient tool in this field c. a single individual or agency does not decide what to produce d. government officials constantly interfere with the market system
Suppose P = 60 ? 3Q is the market demand function for a local monopoly. The marginal cost is 2Q. If fixed costs are zero and the firm engages in two-part pricing, the most profits the firm will earn is:
A. $0. B. $504. C. $360. D. $144.