Straight Cut beauty salon merges with Clean-Cut beauty salon. This is an example of
A) conglomerate merger.
B) concentration ratio.
C) vertical merger.
D) horizontal merger.
D
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A bowed outward production possibilities frontier occurs when
A) opportunity costs are constant. B) resources are not scarce. C) as more of a good is produced, producing additional units of it require greater reductions in the other good. D) the society is operating on the production possibilities frontier.
The Federal Open Market Committee consists of all the following people except
A) the Board of Governors of the Federal Reserve System. B) five presidents of Federal Reserve Banks, on a rotating basis. C) the chairman of the President's Council of Economic Advisors. D) the President of the Federal Reserve Bank of New York.
Suppose a production possibilities frontier (PPF) has been plotted on a graph. If the horizontal axis of the graph measures the output of capital goods and the vertical axis measures the output of consumer goods, then a point outside the PPF represents: a. a smaller quantity of consumer goods than that represented by a point inside the PPF. b. an inefficient output combination of the two goods
in the economy. c. an unattainable output combination of the two goods in the economy. d. an output combination of more consumer goods than capital goods. e. a smaller quantity of capital goods than that represented by a point inside the PPF.
Refer to the table below. At equilibrium, the monopolist will realize a:
Answer the question below on the basis of the following demand and cost data for a pure monopolist.
A. Profit of $10.00
B. Profit of $6.50
C. Profit of $4.50
D. Loss of $7.25