In maximizing profits, a single-price monopolist will charge a price that is

a. less than marginal cost.

b. equal to marginal cost.

c. greater than marginal cost.

d. there is not enough information to answer the question.

Gull Corp. is considering selling its old popcorn machine and replacing it with a newer one. The old machine has a book value of $5,000, and its remaining useful life is five years. Annual costs are $4,000.

Green et al. (2005) estimate that the demand elasticity is minus0.47 and the long-run supply elasticity is 12.0 for almonds. The corresponding elasticities are minus0.68 and 0.73 for cotton and minus0.26 and 0.64 for processing tomatoes.

If you are offered a job, what should you consider? A. Only how much you will be paid B. Avoid asking for flexibility C. Job responsibilities and work environment

If a company hires too many employees and discovers later that it can't afford them, it may have to do what? A. Stop outsourcing B. Create new personnel policies C. Lower its prices D. Lay off employees

What is the yield to maturity of a bond if the bond is sold at $985.48 today, pays annual coupon of 7% and matures in 12 years? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (i. e. If your answer is 4.

Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own? A. manufacturing B. merchandising C. service D. wholesale

A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 suits.

Identify the strengths and weaknesses of a partnership

The managers of a restaurant have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job. a. True b. False

An airline expects to SELL one million gallons of jet fuel in one month and decides to use heating oil futures for hedging. We suppose the correlation between jet fuel price and heating oil price is 0.93, the volatility of heating oil price is 0.