Management gets two numbers (price and quantity) from one decision because
a. the marginal utility of goods is fixed.
b. producers use both technical and financial information.
c. the demand curve consists of price and quantity pairs.
d. the average cost curve has only one low point.
c
Economics
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Parties who have sold a futures contract and thereby agreed to ________ (deliver) the bonds are said to have taken a ________ position
A) sell; short B) buy; short C) sell; long D) buy; long
Economics
If a product is a necessity and has no substitutes at all, demand for the product is most likely to be:
A. very inelastic. B. inelastic. C. unit elastic. D. elastic.
Economics