Which of the following is an outcome of economic variables not moving in sync with inflation?
a. unintended redistributions of purchasing power
b. intentional redistributions of purchasing power
c. better long-term planning
d. decrease in blurred price signals
a. unintended redistributions of purchasing power
You might also like to view...
Refer to the table below. If the cost per unit of advertising is constant at $900, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the dairy industry is made of up only by the three firms above; Cow Haven, Free Cows, and Happy Cows.
A) 3 B) 5 C) 2 D) 4
Competition is
A) important in both the market and government sectors. B) important in the market sector, but not in the government sector. C) important in the government sector, but not in the market sector. D) not very important in either the government or the market sector.
Assume that at a given output a monopolist's marginal revenue is $25 and its marginal cost is $18. If the monopolist increases output, then
A. price, marginal cost, and total profit will fall. B. price will fall, marginal cost will rise, and total profit will rise. C. price will rise, marginal cost will fall, and total profit will rise. D. price, marginal cost, and total profit will rise.
A merger between one firm and another firm that is its supplier is known as a:
A. Horizontal merger B. Vertical merger C. Conglomerate merger D. Parallel merger