The ZZZ Corporation issued $25 million in new common stock in 2016. It used $18 million of the proceeds to replace obsolete equipment in its factory and $7 million to repay bank loans. As a result, investment:
A. has not occurred.
B. of $7 million has occurred.
C. of $18 million has occurred.
D. of $25 million has occurred.
Answer: C
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A price below the equilibrium price results in
A) a surplus. B) a shortage. C) excess supply. D) a further price fall.
Suppose there are 100 identical firms producing package delivery services. One of the firms pays a wage rate of $7 and hires 20 delivery workers. The price the firm charges to deliver a package is $10 . We know then that the number of delivery workers in the package delivery industry is
a. 100 workers b. 200 workers c. 700 workers d. 2,000 workers e. 10,000 workers
Economic analysis requires both mathematical reasoning and historical study.
Answer the following statement true (T) or false (F)
Refer to the above table. At a price of $15 per unit, which of the following would exist?
A shortage of 1,600 units A surplus of 600 units A shortage of 1,000 units A surplus of 1,000 units