New firms have incentive to enter an industry when there is
Multiple Choice Quizzes with Answer in English (Page: 422)
If the interest rate is 5% and cash flows are $3,000 at the end of year one and $5,000 at the end of year two, then the present value of these cash flows is
“Our marginal revenue is greater than our marginal cost at the current production level.” This statement indicates that the firm
Generally when calculating profits as total revenue minus total costs, accounting profits are larger than economic profits because economists take into account
Marginal benefit refers to:
Maximizing the present value of all future profits is the same as maximizing current profits if the growth rate in profits is:
Suppose the growth rate of the firm’s profit is 5%, the interest rate is 6%, and the current profits of the firm are 100 million dollars. What is the value of the firm?
. Suppose the growth rate of the firm’s profit is 5%, the interest rate is 6%, and the current profits of the firm are 80 million dollars: What is the value of the firm?
Which is the correct statement about the relationship between government and the market?
Because of producer-producer rivalry, the price will tend to:
Producer-producer rivalry functions:
Consumer-consumer rivalry arises because of:
Consumer-consumer rivalry:
Trade will take place:
Consumer-producer rivalry occurs because of:
Which of the following is not the source of rivalry that exists in economic transactions?
Incentive plans imply:
When MB = 300 – 12Y and TC = 12Y + 108, the optimal level of Y is:
Which of the following is the incorrect statement?
Maximizing total benefits is equivalent to maximizing net benefits if and only if there are: