Firms that contain some divisions that produce parts and components to be used by other divisions in order to generate finished goods are said to be: A) horizontally integrated. B) vertically integrated. C) multinationals. D) corporations. ANSWER B
Date: September 9th, 2020
The U.S. Department of Labor defines the “working poor” as “persons who have devoted 50 weeks or more to working or looking for work” and with incomes below the official poverty threshold. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
What is true about dominant strategies in the game in Scenario 13.16? A) Gelato is a dominant strategy for both firms. B) Yogurt is a dominant strategy for Gooi only. C) Yogurt is a dominant strategy for Ici only. D) Yogurt is a dominant strategy for both firms. E) There are no dominant strategies in […]
Date: September 9th, 2020
The bonus of a plant manager in a vertically integrated firm is based on the following formula: Bonus = 10,000 – 0.5(Qf – Q) where Qf is feasible production and Q is actual production. The value for Qf is provided by the plant manager at the beginning of the year. With this scheme, the plant […]
Date: September 9th, 2020
Refer to Scenario 13.15. If the firms price simultaneously, equilibrium would be A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and […]
Date: September 9th, 2020
Household heads who typically work full-time year round have a 1 in 30 chance of being poor. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
In Brown v. Board of Education, the Supreme Court ruled that segregated facilities were inherently unequal. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Refer to Scenario 8.2. The more elastic is demand for yachts, A) the more Q will fall and the more P will rise. B) the less Q will fall and the more P will rise. C) the more Q will fall and the less P will rise. D) the less Q will fall and the […]
Date: September 9th, 2020
Which incentive scheme would simultaneously elicit accurate information about feasible plant production levels and motivate managers to perform up to potential (in the following schemes, B is the bonus payment, Q is actual plant output, and Qf is the manager’s estimate of feasible output)? A) B = 0.4Q B) B = 0.4(Q – Qf) C) […]
Date: September 9th, 2020
Zinc Communications developed a new type of cellular telephone that has a three-dimensional (3-D) screen. The company holds a patent on this technology, so they are the only seller of the 3-D phone when it is introduced. Over time, other companies introduce phones that are similar but not identical (i.e., they do not violate the […]
Date: September 9th, 2020
