The largest merger in American history was that of
a. Chemical Banking and Chase Manhattan in 1996.
b. America Online and Time Warner in 2000.
c. Gillette's acquisition of Duracell in 1985.
d. Credit Suisse's acquisition of Northern Rock in 2007.
b. America Online and Time Warner in 2000.
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If two workers can produce 22 units of output, and the addition of a third worker increases output to 30 units, the marginal product of the third worker is:
a. 8 units. b. 10 units. c. 22 units. d. 30 units.
Which of the following statements about a monopolist is FALSE?
A) A pure monopolist is the sole supplier of one product, good, or service. B) The monopolist faces a demand curve for the entire market for that good. C) A pure monopolist is not the same as a perfect competitor. D) The monopolist faces the industry demand curve, which is upward sloping.