A monopolist will spend resources to advertise its product so long as
A) net profits increase.
B) gross profits increase.
C) demand increases.
D) total revenue increases.
A
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With a sole proprietorship:
A. shares are valued by the marketplace. B. income is taxed twice. C. responsibility is shared. D. all of one's assets are at risk of loss.
If a perfectly competitive firm like the one depicted in Figure 9-3 produces 575 units
a.
its profit will be larger than if it produces only 475
b.
its profit will be exactly the same as if it produces 475
c.
its profit will be smaller than if it produces only 475
d.
it will be forced to shutdown
e.
its profit will be smaller than if it produced 475 but it will still make a profit.
The forward contract differs from a futures contract in that:
a. the forward contract is to be settled immediately. b. the futures contract specifies a fixed amount and arranged date, whereas the forward contract can be for any amount or date. c. the futures contract cannot be traded in a market, whereas the forward contract can be bought in the market. d. forward contracts are standardized, whereas futures contracts are not standardized.
Does voluntary exchange create wealth?
What will be an ideal response?