Which of the following is the exponential trend equation to forecast sales (S)?
A) S = a + b(t)
B) S = a + bt
C) S = a + b(t) + c(t)2
D) None of the above
B
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In the above table, the technique that is never economically efficient is
A) A. B) B. C) C. D) D.
Assume that workers in a purely competitive industry are earning a wage rate of $15 and the price of the product they are producing is also $15 what does this imply about the marginal productivity of these workers?
What will be an ideal response?
Which of the following is true about the long run operations of perfectly competitive firms? a. They produce with productive efficiency. b. They produce with allocative efficiency. c. They earn zero economic profits
d. all of the above
The Solow Growth Model predicts that
A. the rich will get poorer and the poor will get richer. B. poor nations will grow faster than rich nations. C. rich nations will grow faster than poor nations. D. the rich will get richer and the poor will get poorer.