If you received a free month's trial membership in a gym, you would keep going until your marginal utility reached
A. a maximum.
B. zero.
C. a positive number.
D. a negative number.
B. zero.
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All of the following will cause an outward shift of the investment function EXCEPT
A) innovation that improves production efficiency at every level of output. B) a reduction in business taxes. C) business people becoming optimistic about the future. D) a decrease in the interest rate.
At an interest rate of 6 percent, if an investment project was expected to yield $1,000 per year (to be received at year end) for each of the next three years, profit-maximizing decision makers would undertake the project only as long as the cost remained less than
a. $1,000. b. $2,577. c. $2,673. d. $3,000.
Full employment means
A) zero unemployment. B) only cyclical unemployment exists. C) only frictional and structural unemployment exists. D) None of the above answers are correct.
Attractive industries have all the following attributes, except
a. High supplier power b. Low buyer power c. High entry barriers d. Low rivalry