The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total surplus?
A) $0
B) $12,000
C) $24,000
D) $16,000
B
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Which of the following gives rise to a negative externality?
A) Sudden increase in the price of wheat due to a fall in supply B) Sudden increase in the demand for diamonds leading to an increase in their price C) Deforestation leading to the extinction of many species D) Globalization leading to creation of many new job opportunities
Which of the following is a feature of an M-Form organization?
a. divisions have difficulty responding to changes in customer demand b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. employee evaluation is hampered by managers often having different skill sets than those the manage
An example of an investment is
A. a restaurant placing otherwise idle money in an interest-bearing savings account. B. a sock company repurchasing its own shares. C. a delivery company adding more vehicles its fleet. D. a pencil factory that can produce consumer and business goods.
The long-term bond rate is ________ than the short-term rates, and it fluctuates _________ than the short-term rates.
Fill in the blank(s) with the appropriate word(s).