The majority of business revenues earned in the United States are earned by
A) proprietorships.
B) corporations.
C) partnerships.
D) cooperatives.
B
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Which of the following statements is true?
A) Marginal analysis is a key component in the process of optimization in levels. B) In both the techniques of optimization, all costs have to be converted to the same unit of measurement. C) Optimization in levels calculates the change in net benefits when a person switches from one alternative to another. D) Only direct costs are considered when the net benefits of the alternatives are calculated.
In which market structure does one firm sell a good or service with no close substitutes and there is a barrier blocking the entry of new firms?
A) only monopoly B) only oligopoly C) perfect competition D) monopolistic competition E) either monopoly or oligopoly
Suppose the reserve ratio is RR. Then
A) required reserves = RR × deposits. B) required reserves = RR × loans. C) required reserves = RR × actual reserves. D) required reserves = RR × excess reserves.
The total sum of squares equals the sum of squares of the variation explained by the regression and the sum of squares of the errors
Indicate whether the statement is true or false