question
government legislation that prevented commercial banks from engaging in investment banking was
answer
glass steagall act of 1933
question
dead weight loss dealing with a monopoly is the excess cost to who?
answer
the consumer (this might be wrong idk for sure)
question
the more product a monopolist can sell is the price effect. (T or F?)
answer
F
question
price discrimination means that firms offer the same service but charge different prices. (T or F?)
answer
T
question
A cartel is a monopoly (T or F?)
answer
F
question
monopolistic competitors can set their own price. (T or F?)
answer
T
question
an industrial union is most concerned with what?
answer
organizing skilled and unskilled workers in an industry
question
entrepreneurs facilitate change through all but
answer
rely on past expieriences
question
innovation can be financed externally by of but one of the following
answer
retained earnings
question
marginal resource product, (MRP) is the,
answer
change in the resource cost
question
resource demand is derived demand (T or F)
answer
T
question
states with right to work laws require workers to join a union (T or F)
answer
F
question
the difference between real wage and nominal wage are payroll taxes (T or F)
answer
F
question
cash paid by a firm for equipment is
answer
explicit cost
question
the average cost curve that will decline steadily as more units are produced is called?
answer
average fixed cost
question
the competitive market price means that P=MR=MC
answer
k
question
the competitive market demand curve is most probably
answer
elastic
question
the short run marginal cost curve is the products
answer
supply curve
question
for a company revenue is the sum of unit costs times unit sales (T or F)
answer
T
question
The law of diminishing returns is explained by using the bell curve to demonstrate the impact of diminishing returns to the firm.
answer
T
question
the production function is measured by dividing the quantity of inputs to make the good by the quantity of outputs from that good (T or F)
answer
F
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
