A decrease in the price of pork will result in
A) a smaller quantity of pork supplied. B) a decrease in the demand for pork.
C) a larger quantity of pork supplied. D) an increase in the supply of pork.
A
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A perfectly competitive firm's short-run supply curve is the:
a. average total cost curve. b. demand curve above the marginal revenue curve. c. same as the market supply curve. d. marginal cost curve above the average variable cost curve.
A manager wishes to estimate an average cost equation of the following form:C = a + bQ + cQ2whereQ is the level of output. Letting Z = Q2 and using least-squares estimation, the manager obtains the following computer output: 
Given the above information, when output is 40 units, what is average cost?
A. $200 B. $480 C. $520 D. $280 E. $360
The primary goal of a business firm is to
A) promote fairness. B) make a quality product. C) promote workforce job satisfaction. D) maximize profit. E) increase its production.
The "metering" scheme refers to
a. Discriminating consumers through the amount of product bought b. Giving away core technology and making up for it through higher margins on secondary sales c. An indirect method of price discrimination d. All of the above