A static decision is one that
A) is made very slowly.
B) involves planning over one time period.
C) involves planning over exactly two time periods.
D) involves planning over more than one time period.
B
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Which of the following is consistent with diminishing marginal returns?
a. increasing labor by 10% and output increasing 10%. b. increasing labor by 10% and output prices increase by less than 10%. c. increasing labor by 10% and the marginal product of labor increasing 10%. d. increasing labor by 10% and output increasing by less than 10%.
Which of the following is the most common form of a business organization?
A) corporation B) partnership C) sole proprietorship D) subchapter S corporation
Crowding in occurs when government spending improves business expectations about the future and leads to higher business investment spending
a. True b. False Indicate whether the statement is true or false
An increase in the production of capital goods and a reduction in the production of consumer goods would most likely lead to a faster rate of future economic growth
a. True b. False Indicate whether the statement is true or false