The bid-asked spread is likely to be greater on securities that are
A) issued in larger denominations.
B) have low market risk.
C) less liquid.
D) traded in a deep market.
C
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Who, among the following, is least likely to practice cost-plus-markup pricing?
A) Dolly J. Dalrymple, a Wisconsin dairy farmer B) The Wisconsin Cheeses-R-Us factory C) The Cheese-of-the-Month Club D) Trick question: all are equally likely to use cost-plus-markup pricing.
Refer to the graphs below. They show the long-run average total cost (LRATC) for cars. Just after World War II the Ford Motor Company opened a large automobile manufacturing facility near Detroit with capacity Q0 autos per year. Shortly thereafter, the plant was closed and two smaller ones were opened in the same vicinity, each more profitably producing about one-half as many cars as the old facility. Which graph best shows the situation described above, when only one plant was operating?
A. Graph A
B. Graph B
C. Graph C
D. Graph D