Bubba's Bait and Tackle is maximizing profits, so it must be producing where
A. MR = MC.
B. MR < MC.
C. MR > MC.
D. MR = 0.
Answer: A
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Which of the following statements about junk (high-risk) bonds is true?
A) They never outperform treasury bonds since they're too risky. B) The price of junk bonds increase as their perceived risk increases. C) They tend to perform best during recessions. D) One can profit by owning them if market perceptions of their risk decline.
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Oligopoly arises with scale economies that are not large enough to cause a natural monopoly.
Answer the following statement true (T) or false (F)
Insurance leads to taking less risk.
Answer the following statement true (T) or false (F)