Assume a Firm Purchases Resources a and B Under Purely

question 153

Multiple Choice

Assume a firm purchases resources a and b under purely competitive conditions and combines these resources to produce X. Product X is sold in a purely competitive market. The MPs of a and b are 6 and 3, respectively, and the prices of a and b are $12 and $6, respectively. If profit-maximizing equilibrium exists, the price of X will be

• A)$1.
• B)$0.5.
• C)$2.
• D)$5.

Comprehend the significance of ethics and honesty in PR practices.

Analyze the influence of digital and social media on PR.

Appreciate the historical context of PR activities and their societal implications.

Grasp the importance of measuring PR campaign effectiveness.

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Definitions:

Brokerage Houses

Financial institutions that facilitate the buying and selling of financial securities between a buyer and a seller.

Securities Exchange Act

A United States law that governs the trading of securities, such as stocks and bonds, to protect investors from fraud.

Securities Act

A law enacted to regulate the securities industry, ensuring transparency, fairness, and protection of investors by requiring full disclosure of financial information from companies offering securities for public sale.

Red-herring

A Red-herring is a distraction or misleading piece of information that diverts attention away from the main issue.