A merger between an automobile manufacturer and a maker of automobile tires is an example of a:
A. conglomerate merger.
B. horizontal merger.
C. vertical merger.
D. tying contract.
Answer: C
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Suppose that you can schedule a worker for up to 4 hours per day. The total benefit and total cost functions are B(H) = 1,300H - 20H2 and C(H) = 500H + 60H2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 1,300 - 40H and MC(H) = 500 + 120H. For how many hours should you schedule the worker?
A. 11.25 hours B. 2.5 hours C. 5 hours D. 0 hours
Which of the following is credited with making the greatest contribution to economic growth over time for the United States?
A. Improved management techniques. B. Investment in capital. C. Research and development. D. Increased education.
The early goldsmiths issued money in the form of
A. coins made from gold in their safes. B. receipts for the acceptance of gold deposits. C. gold fragments left over from the production of jewelry. D. fully backed gold certificates.
Reduction of government regulation is a stimulative aggregate supply policy.
Answer the following statement true (T) or false (F)