The reversal of fortune can be primarily attributed to:
A) the religious practices in a nation. B) the type of institutions in a nation.
C) geography of a nations. D) the type of culture in a nation.
B
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Why is it necessary to separate the management function in an organization from those of finance and residual claimancy?
The economy is in long-run equilibrium when there is a correctly anticipated increase in aggregate demand. According to new classical theory, the price level will __________ and Real GDP will __________
A) fall; rise B) rise; fall C) fall; remain unchanged D) rise; remain unchanged E) remain unchanged; remain unchanged
The market demand for a monopoly firm is estimated to be:Qd = 100,000 - 500P + 2M + 500PRwhere Qd is quantity demanded, P is price, M is income, and PR is the price of a related good. The manager has forecasted the values of M and PR will be $50,000 and $20, respectively, in 2016. The average variable cost function is estimated to beAVC = 520 - 0.03Q + 0.000001Q2Total fixed cost in 2016 is expected to be $4 million. The profit-maximizing price for 2016 is
A. $100. B. $260. C. $520. D. $80. E. $560.