Refer to the scenario above. What is the present value of Option C?
A) $2,763.64
B) $3,662.44
C) $4,516.80
D) $5,800.79
C
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What will be an ideal response?
Which of the following is true regarding the relationship between returns to scale and economies of scope?
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For direct price discrimination to work effectively
a. The low-valued customers should not be able to engage in arbitrage b. You need to charge the same price to the different groups c. Both groups should have the same elasticity of demand d. None of the above
The table below shows the units of land and labor required to produce a unit of bread and cheese respectively in Country X. If Country X is a relatively land-abundant country, the opening up of free trade would cause the price of bread relative to cheese to 1 Unit of Bread1 Unit of CheeseLabor Input5 units20 unitsLand Input4 units10 units
A. initially rise but fall afterward. B. fall. C. stay the same. D. rise.