The MRP technique is best utilized to plan the demand for materials, and other resources, which experience ____________ demand.
A. independent
B. Dependent
C. Operational
D. Random
Answer: B. Dependent
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The lowest point on the firm's long-run supply curve is
A. the shutdown point. B. the break-even point. C. between the shutdown point and the break-even point. D. None of the choices are the lowest point on the firm's long-run supply curve.
A tax wedge is ________
A) the difference between the tax rate on income and capital gains B) equal to the difference between what people earn before and after taxes are accounted for C) the size of the decrease in labor force participation when labor income is taxed D) the difference between the rate on Treasury securities and the income tax rate
The Nash equilibrium of this game is for Happy Feet to ________ and Best Nails to ________.
Happy Feet wants to prevent Best Nails from entering the nail salon market. The above game tree illustrates the different strategies and corresponding payoffs for the two firms. Both Happy Feet and Best Nails have the same strategies of advertising (Ad) or not advertising (No Ad). The payoffs represent net profit in millions.
A) Ad; No Ad
B) No Ad; Ad
C) Ad; Ad
D) No Ad; No Ad
The distribution of income in a market economy is determined by the minimum wage laws
a. True b. False Indicate whether the statement is true or false