Marginal net benefits in the above table
Topic: The Production Process and Costs Quiz ( MCQ and Answer )
Net benefits in the above table
Total costs in the above table are
The opportunity cost of an action is the
If the interest rate is 7%, $500 received at the end of 9 years is worth how much today?
If the annual interest rate is 0%, the present value of receiving $210 in the next year is:
Negotiation between the buyer and seller of a new ski-boat is an example of:
Given the benefit function B(Y) = 200Y – 3Y2, the marginal benefit is:
Maximizing the lifetime value of the firm is equivalent to maximizing the firm’s current profits if the
If the interest rate is 3%, the present value of $900 received at the end of 4 years is:
If you put $700 in a savings account at an interest rate of 3%, how much money will you have in one year?
If the interest rate is 12.5%, what is the present value of $200 received in one year?
Property owners move scarce resources towards the production of goods most valued by society because
New firms have incentive to enter an industry when there is
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?