In 2011, Modern Electronics, Inc produced 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2012, the same firm produced 76,500 calculators, employing 85 workers, each of whom worked 10 hours per day. Productivity at Modern Electronics
a. decreased by 4%
b. remained constant.
c. increased by 8.33%
d. increased by 27.50%
a
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The leverage ratio for the U.S. banking system in 2007 was about __________ percent
A) two B) five C) ten D) eighteen
A widget costs $50 in the US and CAD$53 in Canada. The current exchange rate is 1USD=1.09CAD. Given purchasing power parity, the Canadian dollar would_______to equilibrate prices
a. Appreciate b. Depreciate c. Not change d. None of the above
Continuing with the same vacation-insurance company from the preceding question, is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?
a. Yes, two days. b. Yes, three days. c. Yes, four days. d. No.
Disagreement between the partners during operation can result in:
a. Dissolution or reorganization of the business. b. sale of the business to a third party. c. one partner buying the other's assets. d. the admission of a new partner.