When ________ for a monopolistically competitive firm, the firm is in long-run equilibrium.
A. MR = MC and P = ATC
B. MR < MC and P < ATC
C. MR = MC and P > ATC
D. MR > MC and P > ATC
Answer: A
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Consider a perpetual bond that pays $200 per year to its owner. By how much would the price of this bond fall if the interest rate rose from 0.04 to 0.05?
A. $1,000 B. $2,000 C. $4,000 D. $500
The project charter is formally presented to the ________ for approval.
a. Sponsor b. Project Management Office (PMO) c. Steering/Leadership Team d. Project Manager
Which of the following is a similarity between a monopoly and an oligopoly with differentiated products?
A) There are no barriers to entry in both markets. B) The long-run equilibrium price in both markets exceeds marginal cost. C) There is a single seller in both markets. D) Firms in both the markets earn zero profit in the long run.
Consider a large open economy that has a zero current account balance
What are the effects on the world real interest rate, national saving, investment, and the current account balance in equilibrium if (a) future income rises? (b) business taxes decline? (c) government purchases decline? (d) the future marginal product of capital declines?