Which of the following will cause, other things being equal, a movement along the supply curve for LED televisions?
A) an improvement in the technology of producing LED televisions
B) an increase in resource costs for producing LED televisions
C) a reduction in the price of LED televisions
D) an expectation that the price of LED televisions will be lower in the future
C
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The table above shows sales of the firms in the chocolate industry. What type of market is this?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Tying salaries of top managers to the profits of the firm is a way to reduce the effect of the principal-agent problem
Indicate whether the statement is true or false
If a manager's expected marginal cost exceeds their expected marginal revenue, which of the following is true?
A) The manager is maximizing expected profit. B) To maximize expected profit, the manager should increase production. C) The expected profit from producing another unit is negative. D) The expected profit from producing another unit is positive.
A depreciation of the U.S. dollar relative to the euro would tend to
A) increase U.S. imports from Germany. B) increase U.S. exports to Germany. C) decrease U.S. exports to Germany. D) increase both U.S. imports from Germany and U.S. exports to Germany.