In the recession that started in 2008, the savings rate:
A. became negative.
B. decreased.
C. increased.
D. stayed the same.
Answer: C
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A price searcher can move its marginal revenue curve closer to its demand curve if it can
A) achieve significant economies of scale. B) charge different buyers different prices for the same good. C) price at the point of unit demand elasticity. D) produce at constant marginal cost. E) set marginal revenue equal to marginal cost.
Suppose the Inkuyo family invests in the local bottling corporation. Albert, Brad, Carol, and Diana each invest separately. At the end of a very successful quarter, Carol and Brad receive a payment from the corporation equal to 10 percent of their investment. Albert receives 7 percent, but is paid before Carol or Brad. Diana receives 6 percent. If Diana receives her money before Albert, she must
have invested in a. common stock b. preferred stock c. convertible stock d. corporate bonds e. low-yield dividends