The benefits of any investment project take the form of future profits.
Answer the following statement true (T) or false (F)
True
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In a perfectly competitive market, all consumers:
A) are price takers. B) set prices to compete in their market. C) have exactly the same demand schedules. D) have exactly the same tastes and preferences.
By the 2000s, an important change in the mortgage market had occurred when ________ became significant participants in the secondary market for mortgages
A) Federal Reserve Banks B) commercial banks C) savings banks D) investment banks
Suppose a manager is deciding whether or not to purchase a piece of equipment to make an input internally and has completed the majority of the net present value (NPV) calculations. The manager has correctly calculated the NPV to be equal to: NPV = ($1.052 × Q) - $250,000, where Q is the annual quantity of the input the firm needs. In order for the NPV to be positive, the firm needs at least
________ units of the input each year. A) 115,960 B) 259,600 C) 237,643 D) 220,890
The percentage of U.S. workers in the private sector who belong to unions is currently
A. approximately 55 percent. B. approximately 25 percent. C. approximately 11 percent. D. greater than 70 percent.