Recall the Application about the productivity of large infrastructure investments to answer the following question(s). According to the Application, what is the massive investment project did China recently embark on?
A. bullet trains
B. irrigation
C. stem cell research
D. reforestation
Answer: A
You might also like to view...
If a firm is producing at an output level such that the MR is $550 and the MC is $780,
a. the firm incurs a total loss of $230 b. the firm should contract production because marginal profit is less than zero c. M? is +$230 d. the firm should expand its output level because its total revenue is rising by $550
By shutting down when price is less than average variable cost at the profit-maximizing level of output, a perfectly competitive firm will limit its losses to its:
A) total variable costs. B) total costs. C) total fixed costs. D) marginal costs.
A game in which the players explicitly coordinate their decisions to make themselves better off is a
A) cooperative game. B) noncooperative game. C) zero-sum game. D) negative-sum game.
An ideal voting system must not have:
A. a one-dimensional issue being voted on. B. a person who has the power to single-handedly enact his or her own preferences. C. a person who can convince everyone to vote for his or her preferences, and not their own. D. transitivity of preferences