For which pair of firms would a merger be horizontal?
a. Avis Rentals and United Airlines
b. Rawlings and Nike
c. Barnes and Noble and Wordsworth Booksellers
d. Starbucks and Baskin and Robbins
e. Samuel Adams and Samsonite
c
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When the quantity of money supplied equals the quantity of money demanded, then
A) the goods market is in equilibrium. B) the asset market is in equilibrium. C) the money market is in equilibrium. D) the money market is not in equilibrium.
If the marginal factor cost of hiring an additional worker is $10 while the marginal revenue product is $15, then the firm should
A. hire more workers. B. fire some workers. C. stop hiring more workers. D. none of these: insufficient information to answer the question.
In 2017 how much could a wheat farmer borrow for every bushel of wheat relinquished to the Commodity Credit Corporation (CCC)?
A. $1.95. B. $3.00. C. $2.94. D. $5.00.
Municipal bonds have default risk, yet their interest rates are lower than the rates on default-free Treasury bonds. This suggests that
A) the benefit from the tax-exempt status of municipal bonds is less than their default risk. B) the benefit from the tax-exempt status of municipal bonds equals their default risk. C) the benefit from the tax-exempt status of municipal bonds exceeds their default risk. D) Treasury bonds are not default-free.