The value of the firm is the:
A. average value of all future profits.
B. present discounted value of all future profits.
C. current value of profits.
D. total value of all future profits.
Answer: B
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During the 2008 Presidential campaign, candidate Barack Obama proposed
A. re-imposing the 6.2% (old-age) Social Security tax on incomes over $250,000 per year. B. raising the "income cap" for Social Security taxes from $106,800 to $250,000. C. eliminating entirely the Social Security taxes paid by employers. D. reducing by one-half the Social Security tax rates on employers.
The marginal social cost of burning garbage in Houston is the sum of the marginal private cost and the marginal external cost." Is this assertion correct or incorrect?
What will be an ideal response?
When using regression analysis for forecasting, the confidence interval indicates
A) the degree of confidence that one has in the equation's R2. B) the range in which the value of the dependent variable is expected to lie with a given degree of probability. C) the degree of confidence that one has in the regression coefficients. D) the range in which the actual outcome of a forecast is going to lie.
When a country that imports a particular good imposes a tariff on that good,
a. producer surplus increases and total surplus increases in the market for that good. b. producer surplus increases and total surplus decreases in the market for that good. c. producer surplus decreases and total surplus increases in the market for that good. d. producer surplus decreases and total surplus decreases in the market for that good.