Which of the following is NOT an example of ways in which microeconomic analysis can help Toyota Motor Corporation its in corporate decision making?
A) Forecasting demand for new automobiles
B) Determining how many automobiles to produce in order to maximize profits
C) Predicting how competitors will react to the firm's pricing strategy
D) Forecasting the effect of Toyota's hiring patterns on the U.S. unemployment rate
E) Forecasting the effect of an oil price increase on demand for hybrid autos
D
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From 1980 to the mid 1990s the number of independent banking organizations in the United States
A) rose about 10%. B) stayed roughly constant. C) fell about 10%. D) fell about 35%.
Assume that a hurricane in Brazil destroys half of the coffee crop. Considering that Brazil is a major coffee producing country, consumers expect the price of coffee to increase in the near future. How does this reflect on the demand for coffee?
a. There is a movement upward along the demand curve for coffee. b. The demand curve for coffee shifts inward. c. The demand curve for coffee shifts outward. d. There is a movement downward along the demand curve for coffee. e. The demand for coffee declines.