Low cost strategies are usually found in industries where
a. Products are not particularly differentiated
b. Price competition tends to be fierce
c. Both a and b
d. None of the above
c
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In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to
________, everything else held constant. A) up; rise B) up; fall C) down; rise D) down; fall
What is the best inference about the impact of a decrease in transportation costs?
a. The demand and supply curves will shift out, which will increase quantities of goods. b. The supply curve will shift out, which will lead to lower prices to consumers. c. Farmers will earn a smaller share of the selling price of their crops. d. The demand curve will shift out, which will lead to higher prices and quantities of goods.
The net present value of an investment represents
a. an index of the desirability of the investment b. the expected contribution of that investment to the goal of shareholder wealth maximization c. the rate of return expected from the investment d. a and b only e. a and c only
Refer to the given diagram. At income level F, the volume of saving is:
A. BD.
B. AB.
C. CF-BF.
D. CD.