Regarding forecasting, which of the following statements is NOT true?
a. Operations managers need sales forecasts to plan future production
b. Financial managers need estimates of future sales revenues, disbursements & capital expenditures in order to plan effectively.
c. Forecasts of credit conditions are needed to plan the cash needs of the firm.
d. Public administrators and managers of NFP corporations need not forecast, since they need not make a profit.
e. Both c and d are false.
d
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In monopoly, the firm ______.
a. is a price taker b. will only operate on the bottom half of its demand curve c. cannot set both its price and the quantity sold; if the monopolist reduces output, the price will rise, and if the monopolist expands output, the price will fall d. all of these
At the profit-maximizing level of employment, the monopsonist
A) pays a wage equal to MRP. B) pays a wage greater than MRP. C) pays a wage less than MRP. D) pays a wage equal to MFC.