If this is a closed economy, the number of TVs exchanged will be ________. 

A. 60,000
B. 120,000
C. 30,000
D. 90,000

Answer: A

Economics

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An example of organizational architecture based on the different functions of a firm is when divisions are defined as

a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers

Economics

Using Excel, Big Pies Pizzas estimates the log-linear weekly demand function for their pizza to be ln Qd = 8.23 - (1.50 × ln P). If Big Pies Pizzas increases the price of their pizzas from $10 to $12, which of the following will occur?

A) The predicted quantity (Qd ^) will increase. B) The predicted quantity (Qd ^) will increase by approximately 52.48 pizzas. C) The predicted quantity (Qd ^) will decrease by approximately 28.39 pizzas. D) The predicted quantity (Qd ^) will decrease by approximately 62.89 pizzas.

Economics