The phrase "price-taker" means
A) that market price is independent of the output of a single firm.
B) each firm faces a perfectly elastic demand curve.
C) that price and marginal revenue are the same.
D) all of these choices.
D
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Fundamental analysis shows that stock in Garske Software Corporation has a present value that is higher than its price
a. This stock is overvalued; you should consider adding it to your portfolio. b. This stock is overvalued; you shouldn't consider adding it to your portfolio. c. This stock is undervalued; you should consider adding it to your portfolio. d. This stock is undervalued; you shouldn't consider adding it to your portfolio.
When measuring GDP for a particular year, economists exclude the value of used furniture bought and sold because
What will be an ideal response?
Bundling of complements to create value strategically usually leads to lower prices for the consumer, ________.
A. less volume sold, and lower profits B. greater volume sold, and lower profits C. greater volume sold, and greater profits D. less volume sold, and greater profits
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.