It has been argued that tied aid leads to inefficiencies in the recipient country's economy. Explain how this could occur
What will be an ideal response?
Discussed in the chapter.
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The marginal revenue for a single-price monopoly with a downward-sloping demand curve
A) is less than the price. B) is greater than the price. C) is equal to the price. D) might be more than, less than, or equal to the price, depending on whether the slope of the demand curve exceeds 1.0 in magnitude. E) might be more than, less than, or equal to the price, depending on whether the price elasticity of demand exceeds 1.0 in magnitude.
A real option can present management with the opportunity to
A) vary output. B) abandon a project. C) postpone a project. D) All of the above
"Buy now, pay later" or "try it before you buy it" are examples of
a. Loss aversion b. Endowment effect c. Confirmation bias d. Anchoring bias
Below, The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply.
What is the marginal revenue for the FIRM from selling the 250th unit of output?
A. $8 B. $4 C. $10 D. $6 E. zero