question
Which of the following is the main goal of a continuing company?
answer
To maximize the value of the firm
question
If marginal benefits exceed marginal costs, it is profitable to:
answer
Increase Q
question
To maximize profits, a firm should continue to increase production of a good until:
answer
Marginal Revenue=Marginal Cost
question
Maximizing the lifetime value of the firm is equivalent to maximizing the firm's current profits if the:
answer
interest rate is larger than the growth rate in profits are both are constant
question
In order to Maximize net benefits, the managerial control variable should be used up to the point where:
answer
Net marginal benefits equal zero
question
Maximizing the PV of all future profits is the same as maximizing current profits if the growth rate in profits is:
answer
Less than the interest rate
question
The law of demand analyzes the relationship between price and quantity demanded holding which of the following variables constant?
answer
Income and Prices of related goods
question
What type of analysis studies the movement from one equilibrium to another?
answer
Comparative static analysis
question
A function that describes the relationship output and various prices of that output, prices of input, and values of other variables is called:
answer
the supply function
question
When a surplus exits, there is a tendency for price to ____________
answer
Decrease
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