If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
What will be an ideal response?
yield a profitable rate of return.
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Recent research in growth theory extends the traditional analysis by making the rates of
a. technological change and/or population growth exogenous. b. technological change exogenous and population growth endogenous. c. population growth and/or technological change endogenous. d. population growth exogenous and technological change endogenous.
Centerville has 200 unemployed people. Of these 200 people, 35 are unemployed for two weeks before finding a new job, 55 are unemployed for four weeks before finding a new job, 30 are unemployed for six weeks before finding a new job, 15 are unemployed for 10 weeks before finding a new job, and 65 are unemployed for 15 weeks before finding a new job. Approximately what is the average spell of unemployment in Centerville?
A. 2 weeks B. 14 weeks C. 8 weeks D. 11 weeks E. 5 weeks
The Santa Fe Spark Plug Company supplies spark plugs to automotive parts dealers. An increase in the demand for its product led Santa Fe to hire 150 new workers. Santa Fe also plans to expand the capacity of its plant but this project will take 2 years
to complete. Which of the following statements is true? A) The wages and benefits paid to the new workers are implicit costs. B) The long run for Santa Fe is longer than 1 year. C) The short run for Santa Fe is 1 year. D) In the short run Santa Fe's variable costs increase but its fixed costs decrease.
Which of the following represents a consumer's optimum?
a. MUx/MUy = Py/Px b. MUx/Py = MUy/Px c. MUx/Px = MUy/Py d. MUy/MUx = Px/Py