289 We can expect that each successive week: How can time be incorporated into the theory of consumer behavior? A decrease in the quantity of resources employed in industry X. \end{array} The services are billed to the customers each month. e. On October 1, Henderson received$5,000 prepayment for a deep-sea fishing charter to take place in December. Conduct an experiment to show the relationship between taste and smell. Since the firm is incurring short-run losses, the management is debating whether to continue operations. $22,000 of the sales were on account and$11,000 were cash sales. 4. When markets are efficient, the price at which a stock currently trades reflects all available information, so the future price movements are unpredictable. Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. Use a time-series plot to graphically display the currency conversion from the GBP to 1 USD. d. Henderson's fishing boat was purchased on January 1 at a cost of$80,500. ***Instructions*** Yes, because you are covering your variable costs. The behaviorists estimate the value of stocks based on their perceptions of investor psychology and behavior. b. Ford Motor Company buys four tires to put on a new Ford Mustang. B. share in the company's debts. Suppose the price of wheat rises to $5.00 per bushel. a. HR managers lack business acumen. Discuss the inefficiencies that can be caused by stock market bubbles, especially focusing on firms and consumers. C. share of ownership of the company. **12. **Velocity of Winchester bullets. The incentive problem under communist central planning refers to the idea that: Firms will enter the industry and output will rise. Assume instead the market price per pepper is $2.00. Who make decisions regarding what to produce and how it is produced C. What kinds of products are produced in the economy and \begin{array}{lcc} The supply of cattle hides was reduced, raising the price of hides. POLSKI. What tends to happen to a nation that increases its participation in an open economy with an international sector? Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. Other Quizlet sets. B. Neoclassical Economizing requires that any particular good be produced by the nation having the ______ domestic opportunity cost, or the ______ advantage for that good. **9. Professor Jeremy Siegel's research points out that when held for the long run stocks are less risky than if held for a very short time. When the share price of B increases by 10%, the new market value of the entire company is $110,000, ($110 1000), this increases the value of the index to $360,000 from $350,000, or 2.86%. \begin{matrix} The "coincidence of wants" problem associated with barter refers to the fact that: A. for exchange to occur each seller must have a product that some buyer wants. One good thing was that: According to Robert Shiller, a dark-horse candidate for the next speculative bubble is: According to Robert Shiller, speculative bubbles are difficult to predict because: Explain why being a residual claimant can increase the risk from owning stocks. They can improve their self-sufficiency., In a model compiled to show the economic relationship between two The interest rate is 7.5%. What divergences arise between equilibrium output and efficient output when (a) negative externalities and (b) positive externalities are present? 1. In the morning, Ike's stockbroker calls to tell him that he has gained $1,000 on his stock portfolio. a. ** On March 1, leased a business van. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. Complete the following table showing the demand for snow skiing lessons per day. The cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood U.S. markets, dragging down prices of goods and U.S. wages. C. have no influence on the composition of domestic output. Using the Coase theorem, we note that it will be to the advantage of individual apple growers and beekeepers to negotiate so that beekeepers (whose hives can be moved) locate their production in or near orchards. (Enter a loss as a negative number. What do bondholders and stockholders have in common? The four direct effects of tariffs are: a decline in consumption, increased domestic production, tariff revenue, and a(n) ______. **Use technology to solve each system of equations, if a solution exists. graph that shows the quantity demanded at all possible prices in the market at a given time a. This means that the dividends and or the future price of the stock will rise. A monopolistically competitive firm produces where _________, while a perfectly competitive firm produces where _________. c. Estimating beyond the boundaries of the graph, at what altitude do you think the atmospheric pressure reaches $5$ inches of mercury? 1.Consider the graph to the right. To maximize profits or minimize losses this firm should produce. What are the differences between the long-run equilibrium of a perfectly competitive firm and the long-run equilibrium of a monopolistically competitive firm? The ability to download and store a large number of songs, and the superior quality of MP3 is causing a decline in the CD industry, just as CDs once replaced cassette tapes, which had previously replaced phonographs (records). If Ike is loss averse he will feel losses more intensely than gains. Those instances of "regulatory capture" imply that this statement is overly confident in the ability of government regulatory agencies to keep powerful businesses in check. Basically, limited liability says an investor can only lose what he/she paid for the stock (invested) in the first place. This is a two-part question: We have a firm that needs $1000 to obtain a new machine for its business. Compare your currency with an appropriate world currency for the last 30 days. a. Study with Quizlet and memorize flashcards containing terms like Which of the following best summarizes why HR managers have to use strategy language when discussing the value of HR programs to senior leadership? Suppose the market for oranges is perfectly competitive and that the market price for a crate of oranges is $16 per crate. According to the dividend discount model, the current price is equal to the present value of future dividends to be paid on the stock. We can employ the formula from the text: 100. Some trade protections increase government revenues. Why does the Dow Jones Industrial Average have a value over 10,000 when the 30 stocks that make up the index all have values less than $200 per share? A tariff imposed on Chinese imports into the United States tends to ______. For the common stockholders though, their losses are limited to their original investment. B. are essential to the reallocation of resources from less desired to more desired goods. Does the fact that monopolistically competitive markets are not allocatively or productively efficient mean that there is a significant loss in economic well-being to society in these markets? Wheat is a homogeneous good, while Panera Bread is able to differentiate its food from other restaurants. Which country has an abundant labor force suited to produce labor-intensive goods? What are the three conditions for a market to be perfectly competitive? 86 terms. Study with Quizlet and memorize flashcards containing terms like Accumulated Depreciation, Acreage Reporting Date, Actual Cash Value (ACV) and more. All are normal goodsincome and quantity demanded move in the same direction. The economy of the United States can best be described as pure capitalism. If consumer desire for product X increases, all of the following will occur except: Notion that, under competition, decisions motivated by self-interest promote the social interest. They can improve their self-sufficiency., In a model compiled to show the economic relationship between two What institution is in charge of overseeing trade agreements and ruling on disputes relating to them? Also, (2) the S&P is a value-weighted index, meaning it reflects the total value of owning the entirety of the 500 firms. Financial accounting focuses on providing information to internal users. Is there an altitude at which the pressure is exactly zero? You have a portfolio valued at $10,000. Economist Gerd Gigerenzer characterizes heuristics as "fast and frugal" ways of reaching decisions. If the Dow Jones Industrial Average is currently at 10,000 and the price of one stock included in the index increases by $10, the Dow Jones Industrial Average will: If the Dow Jones Industrial Average is at 10,205 and it is up 4% from the previous day, what was the index at the close of the market the previous day? Week 1. How does the idea relate to the definition of economics? He plans on investing 20% in stock, 20% in bonds, 20% in collectibles, and the remainder into a 10-year certificate of deposit. This means that during the festival, Coastal will have a monopoly, and it is anxious to take advantage of this position in its pricing strategy. A) omnipotent and symbolic B) omnipotent and reflective C) symbolic and interactive D) reflective and interactive, 23) The current dominant assumption in management theory suggests that Is the Efficient Markets Hypothesis (EMH) responsible for the financial crisis of 2007-2009? 1. produce 1,000 units of output and break even with a price of $10.00. If the price of A increases by 10% this raises A's price to $33 and the value of the index to 51.5, or an increase of 3%. **19. We can use the Dividend-Discount Model from the chapter to think through our answers: Why does the theory of efficient markets imply that stock price movements are unpredictable? geo test ch 2 essay questions. ** Paid installers and other employees a total of $21,000 cash for salaries. Study with Quizlet and memorize flashcards containing terms like The valuation of an MNC should decline when an event causes the expected cash flows from foreign subsidiaries to ____ and when the foreign currencies denominating these cash flows are expected to ____., The agency costs of an MNC are likely to be higher if it, The Sarbanes-Oxley Act caused corporate Aviation: Chapter 6 - FAR's (Part 61) 63 terms. 4b. If corporations needed to raise the same amount of capital but did so using fewer shares, the share prices would increase. Corporations can only deduct net operating losses going back two years and forward 20 years. Study with Quizlet and memorize flashcards containing terms like Traditionally, risk has been defined as A) any situation in which the probability of loss is one. The presence of market failures implies that: B. there is an active role for government, even in a market system. The Standard & Poor's 500 Index differs from the DJIA in at least two major respects. they are able to purchase a differentiated product that more closely suits their tastes. Use the five issues an investor should consider when purchasing stock to explain the popularity of mutual funds. According to an article in the Wall Street Journal, as a result of U.S. consumers increasing their demand for beef, in 2015 world beef prices increased. $$. The customer paid the full amount of$1,200 on October 1. Study with Quizlet and memorize flashcards containing terms like How do nations benefit from international trade? At the end of two years your portfolio is worth: You start with a portfolio valued at $500. You make a $1,000 investment in the stock of ABC Inc. Over the next year the investment decreases by 60%. Behavior economics would say that people often act in their own self-interests; however, not exclusively. Over the next twelve months it loses 75% of its value. With bankruptcy more likely during a recession, the expected losses associated with being a residual claimant are higher. Only realized profits with reasonable certainty are recognized in the profit and loss account However, provision is made for all known expenses and losses whether the amount is known for certain or just an estimation This treatment minimizes the reported profits and the valuation of assets 19 The columnist estimated that the fixed cost of a new oil sands drilling operation could be $95 per barrel. Study with Quizlet and memorize flashcards containing terms like Economic growth, Economic growth is normally calculated as a percentage rate of growth per quarter or per, Real GDP per capita means GDP ____________ a. per country b. in real terms c. divided by capital stock d. per person and more. True or False? c. earn zero economic profits. A 10% increase in the share price of A results in a market value of $275,000, which is a 10% increase. This growth rate for dividends is expected to continue indefinitely. Economic systems differ from one another based on who own the factors of production and: A. The primary effect of ______ opportunity costs is less-than-complete specialization. How much wheat will Ali choose to produce per month in order to maximize his profits in the short run? Which of the following is an expression of profit for a perfectly competitive firm? A three-year premium paid on a fire insurance policy. Are these products substitutes or complements? Because of their small size and convenient locations, they save busy consumers time. Which of the following is not a feature of common stock? If people could accurately forecast price movements in stocks, they would immediately act on those forecasts, which would cause the price of the stocks to move today. True or False? How much resources are available in the economy and where they are located B. C. sellers in the resource and product markets respectively. The S&P 500 gives more weight to the larger firms than the DJIA does. The fact that many corporations use debt financing as well as equity financing creates all of the following except: Without the stockholders' limited liability, the risk from the use of leverage would: Consider the effect of business cycles on bondholders versus stockholders. True or False? According to an article in the Wall Street Journal, demand for organic foods is growing rapidly in the United States and "meat and egg companies like Pilgrim's Pride Corp., Perdue Farms Inc. and Cal-Maine Foods Inc. areexpanding organic production, boosting demand for organic animal feed" But this development hasn't benefited U.S. farmers as much as they had hoped: "U.S. organic-farming groups say that an influx of foreign grain has been a chief factor in slashing prices for organic corn by about 30% in 2016". To find the price of the stock, we need to compute the growth rate of dividends: 6% = ($5.3 - $5)/$5. B) any situation in which the probability of loss is zero. Since stock indexes are made up of different companies and can be composed in different ways, comparing indexes in terms of their levels is really useless, much as it really is of little value to just look at the level of various indexes. Many industries can claim they make contributions to national security and deserve protection. 2. achieve full employment and price level stability. Farmer Jones grows oranges in Florida. A startup firm in a perfectly competitive market finds that its average total cost is higher than the market price. What are the potential drawbacks of this system, compared to allowing both domestic and foreign investors to trade in the same market? In a hypothetical situation, the United States and Mexico have labor forces of the same size. a. an increase in the rate of economic growth b. well-enforced property rights c. a stable international monetary framework d. quotas, A major difference between a tariff and a quota is that a tariff a. will reduce imports, but a quota generally will not. The enitre market for apples is shown in the figure below. rnremley Plus. 4a. Reporting after incorporation. Explain the following comment: "Want to make millions of dollars? \text{c. change in demand} & \text{h. substitutes}\\ Based on this information we can conclude that. The underbanked represented 14% of U.S. households, or 18. geo test ch 2 essay questions. These individuals may even work less or retire early. 4. reallocate resources from less desired to more desired uses. As the chapter points out there are four possibilities; 1) The managers have private or insider information, which is illegal; 2) They are lucky; 3) They are taking on more risk which will provide a higher return in some years but can also lead to lower than average returns for other years; and 4) Markets are not efficient. Study with Quizlet and memorize flashcards containing terms like A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling, and managing value-added activities in other countries T/F, The term "emerging markets" refers to all markets other than the developed markets T/F, GDP is the sum of value added by resident firms, Round up to the next $100.14,356$, or 14,400 . By 2017, McDonald's had stopped selling Chicken McNuggets and other products made from chickens fed antibiotics. Use the following table as a guide: Therefore, while these small companies don't currently pay dividends, investors may still buy stocks in these companies based on the expectation that they will pay dividends in the future. Diversification of their industries would increase domestic stability. Which problems did critics fear that NAFTA would cause? The graph to the right shows a firm in a perfectly competitive market making a profit. a. an increase in the rate of economic growth b. well-enforced property rights c. a stable international monetary framework d. quotas, A major difference between a tariff and a quota is that a tariff a. will reduce imports, but a quota generally will not. What are Smitten's weekly profits if the market price is $5.50 per pair and the firm produces the profit-maximizing quantity of mittens? If you understood the discussion of the characteristics of common stocks, you should be able to explain the following statement: One of the benefits from stock ownership is the unlimited upside potential and the limited downside. What is the exchange ratio at which two countries trade their products? The Pin_two_years will = $100.00 and i = (0.08) Ptoday will be $96.43. Specialization in production can occur based on geographic advantages. Economic profits and losses: A. are both considered by economists to be a part of production costs. Study with Quizlet and memorize flashcards containing terms like Which of the following best summarizes why HR managers have to use strategy language when discussing the value of HR programs to senior leadership? Anojan_Thirukumaran5. U.S. firms will produce more than 100 tons of corn and export the excess, selling it at the world price. While heuristics are fast and frugal, they are not perfect. She knows the global market offers many opportunities. B. one's assets net of one's liabilities at any point in time. The graph includes the firm's marginal cost curve, average total cost curve, and average variable cost curve. Minimum ATC Use Figure 4.6b to explain why this situation of dual positive externalities might lead to an underallocation of resources to both apple growing and beekeeping. Study with Quizlet and memorize flashcards containing terms like Traditionally, risk has been defined as A) any situation in which the probability of loss is one. They have not had time to become efficient enough to compete against mature foreign companies. c. The U.S. Air Force purchases two new fighter jets This statement best describes the concept of: Which of the following is not one of the five fundamental questions? For consumers, the bubbles can lead to increased wealth for some individuals who as a result may consume more, save less, buy expensive automobiles, homes, vacations etc. 5. While the fixed investment in new oil sands projects is prohibitive, variable costs can be in the low $20 range (say, $23) per barrel." When the world price for a product is below the Canadian price, what will Canada experience? Suppose the owner of one of the winerieslong dashJerry's Wine Emporiumlong dashraises the price of his wine by $5.00 per bottle. Assume instead the market price per pepper is $0.25. B. there are independently-acting buyers and sellers in each market. What return does the portfolio need to earn over the following twelve months to be restored to its original value? Use the graph to estimate the pressure at altitudes of $60000$ feet, $18,000$ feet, and $29,000$ feet. Many small companies currently pay no dividends to their shareholders. The market system's answer to the fundamental question "What will be produced?" $$ The ruling would make the price elasticity of demand more inelastic than if there were no such rule, assuming that there is not another equivalent university nearby to which students could transfer. 2. Shifting work that was previously done by American workers to workers abroad is called what? From information presented in Chapter 8, you should be able to identify at least two reasons an investor may want to consider an index fund over a managed (mutual) fund. How much is invested in the CD. Use a time-series plot to graphically display the currency conversion from the EUR to 1 USD. Using this, draw a scatter diagram. How does free trade tend to benefit society? ** Paid$7,200 on May 1 for one year's rent on the office in advance. \hline 3. contribute to a more equal distribution of income. 12 terms. $0.60 The market price of corn is $2.20 per cob. Most of the students spent hours preparing their answers and came to class carrying many sheets of paper with their calculations. Are essential to the reallocation of resources from less desired goods to more desired goods. ** Sold an additional monitoring service for $1,200 for one year's service. To bridge the gap, governments borrow money, usually by selling bonds, Critique: "Thank goodness we have so many government regulatory agencies. Considering the risks associated with investing in stocks (over short periods of time), what types of investments would you expect investors to buy during an economic recession? The common stockholders may have mixed feelings about this announcement. Study with Quizlet and memorize flashcards containing terms like Determine whether each of the following examples would be included in Gross Domestic Product (GDP). What do critics say is a flaw in the military self-sufficiency argument for protective tariffs to encourage domestic production of goods needed for national security? Discuss the effects on the current price of a stock from each of the following: a) An increase in the growth rate of the dividend; b) A decrease in the risk-free interest rate; c) An increase in the equity-risk premium; and finally d) A decrease in the annual dividend. Study with Quizlet and memorize flashcards containing terms like Accumulated Depreciation, Acreage Reporting Date, Actual Cash Value (ACV) and more. A recent study found that an increase in the federal tax on beer (which would increase the price of beer) would reduce the demand for marijuana. Neoclassical economics focuses on providing more options; behavioral economics focuses on helping people make better decisions with the options available. Mary says, "You would have to pay me $50 to attend that pro wrestling event." Study with Quizlet and memorize flashcards containing terms like The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use., ________ costs are the monetary payments a firm makes to purchase resources from others., Your company's total sales revenue for the month is $150,000; the costs to Study with Quizlet and memorize flashcards containing terms like A share of common stock represents a(n): A. claim from a lender against a borrower. The council requested that the head of police conduct research on other cities of a comparable size to ascertain the correlation between the number of officers and the volume of reported crimes before making a final decision. price is greater than marginal cost; price is equal to marginal cost. "Because the outputs of many industries are the inputs to other industries, the failure of any single industry to fulfill the output quantities specified in the central plan caused a chain-reaction of adverse repercussions on production." ** Paid an additional$6,000 to settle some of the accounts payable. Similarly, in the case of the Dow Jones Industrial Average, the percentages changes are useful in measuring the performance of the stocks (on average) that make up this index. The simple circular flow model shows that: Allocates resources efficiently and allows economic freedom. ** Recognized the expired rent for both the van and the office building for the year. Increasing a product's use, Finding new customers, Creating a new use situation, Match the example with the correct market Discuss whether the economy would be more or less efficient if public corporations issued fewer shares of stock. Property rights encourage the maintaining of the property and they facilitate the exchange of the property. Because hides were more expensive, it became more costly to produce leather, reducing the supply and raising the price of leather goods. Blindfold the participants and ask them to hold their noses. Determine annual depreciation assuming the straight-line depreciation method is used. Philosophy Study Set. a. No, they will experience neither economic profits nor economic losses in the long run, unless they continually differentiate their products. Creative destruction refers to the process by which the creation of new products and production techniques destroys the market positions of firms committed to producing only existing products or using outdated methods. Because China has abundant low-wage workers, it can efficiently produce ______-intensive goods. The advent of DVDs threatens to eventually demolish the market for videocassettes. What prices will be charged for goods and services? D. buyers determine what will be produced based on their "dollar votes" for the goods and services offered by sellers. 39 terms. The two basic markets shown by the simple circular flow model are: C. households sell resources to businesses. 39 terms. XYZ Inc. announces plans to finance the expansion of the firm by issuing hundreds of millions of dollars of bonds. ** On February 1, paid the accounts payable of$980, but not within the discount period. ** Collected $74,000 of accounts receivable during the year. What was the European Union called when it was initiated in 1958? Profit is maximized at the output level where marginal revenue equals marginal cost. They can specialize their production. 39 terms. Xavier is an accountant who provides tax services through his own firm. In the short run, how much corn should Cathy produce each day to maximize profits? Produce more than Canadian customers will buy, and sell the surplus to the United States. results in allocative efficiency because firms produce where price equals marginal cost. At this level of production he produces following the rule Marginal Revenue = Marginal Cost and earns the maximum possible profit of $8.00. It reduces animosity among nations that trade with each other. \text{Prepaid rent}&&\text{2,000}\\ \text{Accounts payable}&&\text{980}\\ Why does a local McDonald's face a downward-sloping demand curve for its Quarter Pounder? Which is not one of the potential advantages of decentralization? Reporting after incorporation. The production possibilities curves in the figure show that the United States has an absolute advantage over Mexico in vegetables and beef. Study with Quizlet and memorize flashcards containing terms like How do nations benefit from international trade? $$ 4. reallocate resources from less desired to more desired uses. Previously, the government did not permit foreigners to purchase domestic stock. They are called inputs because they go in to a production process (like ingredients go into a bowl to make a cake), with the resulting goods and services also being referred to as output. Minimum ATC Evaluate and explain the following statements: (a) The quotation is accurate. Philosophy Study Set. What will be the percentage change in the index from a 10% increase in the share price of company B? He has described the many books that have become bestsellers by promising to give readers financial advice that will make them wealthy, by, for example, buying and selling real estate. D) the probability of a loss occurring., Objective risk is defined as A) the probability of loss. Is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. If competitive industry Y is incurring substantial losses, output will: C. contract as resources move away from industry Y. The ability of stockholders to influence these choices enhances the attractiveness of owning shares and therefore increases the willingness of individuals to purchase stocks. One company, we will call A, has a stock price of $25 per share and there are 10,000 shares outstanding. Run-in head What might be the consequences if citizens were not required to serve on a jury? ** On January 15, purchased 20 standard alarm systems for cash at a cost of $250 each. A trade ______ occurs when imports exceed exports. When his professor called on him in class for an answer, Tobias stated. A professional money manager who has an exceptional year will attract a lot of attention and money. If only the price of stock B increases by 10%, the price of B will rise to $77, and the index will have a value of 53.5, or an increase of 7%. Contract as resources move away from industry Y. The North American Free Trade Agreement (NAFTA) created a ______ zone among Mexico, the United States, and Canada in 1993. **6. They can enhance their resource productivity. Why is private property, and the protection of property rights, so critical to the success of the market system? 1. True or False? If the prices of stocks reflect fundamental values, the resource allocation mechanism of the stock market works well. Ideally, those investors who value the stock most should have access to purchase the stock, regardless of which market they are located in. Marginal benefits of attending class may include the acquisition of knowledge, participation in discussion, and better preparation for an upcoming examination. This expression is a time saving way of making the point that for a person who can make so much per hour, every hour spent not working is so much money not made. Also, with low share prices many more people participate in the stock market which means a larger source of funds for companies seeking financing and basic principles of economics tells us that the greater the supply, everything else constant the lower the price. A. Neoclassical economics believes that government should play a minimal role in the economy, while behavioral economics calls for a more active role for government. 6. It expects the growth rate of the dividend to be 3% (0.03) annually. beer and marijuana are complementary goods. 25 terms. Soylent Green is a perfectly competitive firm that produces soybeans. What would the profit-maximizing quantity be if the market price was $6.50? Why isn't the actual level of an index, for example the Dow Jones Industrial Average, very useful on its own? The investment you made in a mutual fund one year ago lost 50% of its value over the past year. Farmers quiz. 7. 3. contribute to a more equal distribution of income. This is a monopolistically competitive firm because its demand curve is downward sloping. Discuss how changes in economic conditions are likely to affect the equity-risk premium and stock prices. In the previous example we plotted the USD to 1 EUR for a 6-month time period. How many pairs of children's mittens should Smitten produce per week to maximize its profits? After one year, a company will pay $5 in dividends. One way to deal with this misallocation is to allow companies the option of issuing the number of shares that will allow them to equate the prices in both markets. a consumer surplus of $9, and Nathan experiences a producer surplus of $3. In $2014$ Mibanco's profit margin fell to under $1 \%$ and $12 \%$ of its loans to small businesses had not been repaid within one month of the required date; and $61 \%$ of its customers had also taken out loans with other banks. (Use the Utilities Payable account.) The interaction of world supply and demand determines the equilibrium ______. When firms maximize their profits, society's output will also be maximized. C) uncertainty concerning the occurrence of loss. katiecavanee1. alyclark21. The brands exist only as Web sites and on the containers the food is delivered in. What is the key determinant in whether a country can gain from specialization in international trade? Study with Quizlet and memorize flashcards containing terms like T/F - Downloading music into a computers random access memory, or RAM, without authorization is copyright infringement., T/F - A franchisee's breach of the duty of honesty and fidelity can be enough to allow a franchisor to terminate a franchise even if their contract contains a notice-and-cure provision, Donuts Whole Now, the government has a plan to create two markets: one for domestic residents and one for foreign investment. Explain why the willingness to purchase stocks is influenced heavily by shareholders' legal rights with respect to control of the corporation. josh_parker_wang. No, it did not achieve allocative efficiency because the marginal benefit was greater than the marginal cost of production. Study with Quizlet and memorize flashcards containing terms like In the above diagram the range of diminishing marginal returns is:, In the above diagram, total product will be at a maximum at:, Refer to the above diagram. She believes, however, the stock of this company will sell for $110.00 per share four years from now. The use of money contributes to economic efficiency because: To do so will maximize the firms' profits. True or False? What price would an individual be willing to pay today for a stock he/she expects can be sold for $200 one year from now, if the individual has a discount rate of 6% (.06) and the stock pays an annual dividend of $7.50? What effect does advertising have on firm profits? An increase in consumer desire for strawberries is most likely to: A. increase the number of strawberry pickers needed by farmers. The beer drinkers claimed that Kona was marketed as if it were brewed in Hawaii, but the beer is actually brewed in Oregon, Washington, Tennessee, and New Hampshire. C. share of ownership of the company. Staff positions are directly involved in the companys primary revenue-generating activities. If sellers find themselves at a given price with more output than consumers are willing to purchase, they will lower the price. 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