Why is the supply of oil more price elastic in the long run?
A) New deposits are found.
B) Better extraction technology is developed.
C) Firms have the ability to change the amount of all inputs.
D) All of the above.
D
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Economies of scale and diseconomies of scale explain
A) cost behavior in the short run. B) profit maximization in the long run. C) the U-shape of the long-run average cost curve. D) the U-shape of the short-run average total cost curve. E) the U-shape of the marginal cost curves.
A. If a stock is expected to pay an annual dividend of $20 forever, what is the approximate present value of the stock, given that the discount rate is 5%?
b. If a stock is expected to pay an annual dividend of $20 forever, what is the approximate present value of the stock, given that the discount rate is 8%? c. If a stock is expected to pay an annual dividend of $20 this year, what is the approximate present value of the stock, given that the discount rate is 8% and dividends are expected to grow at a rate of 2% per year?
If the firm can only afford developing one of the software, which one would it rather develop (based on expected profit/gain)
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information
The equation of exchange is an ________ while the quantity theory of money is a theory that ________.
A. accounting identity; assumes velocity is held constant B. accounting theory; economists use to explain changes in real Gross Domestic Product (GDP) C. accounting identity; assumes the money supply is constant D. accounting theory; assumes the price level is constant