If an investment project costing $2,800 was expected to yield $1,000 (to be received at year end) for each of the next three years, a profit-maximizing entrepreneur would
a. definitely undertake the project.
b. never undertake the project.
c. undertake the project if the interest rate was low enough.
d. undertake the project if the interest rate exceeded 12 percent.
C
Economics
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Cobb-Douglas production function have decreasing returns to scale.
Answer the following statement true (T) or false (F)
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What determines demand and supply in rental markets for capital and land?
What will be an ideal response?
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Which of the following goods are available at highly economical prices because the use of mass production techniques substantially reduces their per unit production costs?
a. automobiles b. DVD players c. microwave ovens d. all of the above
Economics
A ______ is a tax on imports.
Fill in the blank(s) with the appropriate word(s).
Economics