The legislature is at a bargaining disadvantage because it receives most, if not all, of its information about the bureaucracy from the bureaucracy
a. True b. False
a
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A manager is considering investing in a new piece of equipment. The equipment cost $50,000 and the manager will finance the full amount of the cost over three years at an interest rate of 4 percent. In the third year, the manager will repay the entire principal of the loan plus the year's annual interest, after making interest-only payments for the first two years. The equipment will generate
$30,000 in future operating profit each of the three years and has a salvage value of zero at the end of the three years. The tax rate on the firm's profit is 8 percent each year. What is the net present value of the investment? A) $27,036 B) $20,589 C) $32,598 D) $35,852
When a tax is imposed on a good, consumer surplus decreases and producer surplus remains unchanged
a. True b. False Indicate whether the statement is true or false
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
Which one of the following is not assumed to be constant when the supply curve for a product is drawn?
A. number of producers B. price of inputs used to make the product C. state of technology D. price of the product