MetaRay, Inc, and Nucleo Corporation are the only suppliers in their market. They agree to coordinate their production so as to limit output and charge a higher price. Under the Sherman Antitrust Act of 1890, this is
a. a permissible restraint of trade.
b. a prohibited restraint of trade.
c. not a restraint of trade and permitted.
d. not a restraint of trade but prohibited.
b
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The use of network-mediated information technologies in negotiation is sometimes referred to as social bandwidth, or social presence.
Answer the following statement true (T) or false (F)
The Morris Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $180,000 . At the time of acquisition, Morris paid $12,000 to have the assets appraised. The appraisal disclosed the following values: Land .................................................. $120,000 Buildings ............................................. 80,000 Equipment
............................................. 40,000 What cost should be assigned to the land, buildings, and equipment, respectively? a. $64,000, $64,000, and $64,000 b. $90,000, $60,000, and $30,000 c. $96,000, $64,000, and $32,000 d. $120,000, $80,000, and $40,000
Assumption of the risk requires knowledge of the risk and voluntarily doing it
Indicate whether the statement is true or false
The profit equation is:
A. (Unit price - Unit variable costs - Total fixed costs) × Q = Profit B. (Unit price × Q) - (Unit variable costs × Q) + Total fixed costs = Profit C. (Unit price × Q) + (Unit variable costs × Q) + Total fixed costs = Profit D. (Unit price × Q) - (Unit variable costs × Q) - Total fixed costs = Profit