Refer to the scenario above. The net present value of buying the warranty is:
A) $99.02.
B) $278.
C) $135.65.
D) $85.
A
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Which principle states that as the production of one good expands, the opportunity cost of producing another unit of this good generally increases?
A. Principle of total cost B. Principle of increasing cost C. Principle of opportunity cost D. Principle of increasing marginal utility
In present value, if 140 delayed utils are only worth 70 utils now, the discount weight must be equal to ________
A) 1/2 B) 1/8 C) 1 D) 2
Economies of scope are savings acquired by
a. producing many goods simultaneously. b. producing enough of one good to reach the minimum efficient scale of production. c. selling one product at a loss but selling other products at a profit. d. decreasing the regulation of an industry.
When quantity demanded has increased at every price, it might be because
a. the number of buyers in the market has decreased. b. income has increased, and the good is an inferior good. c. the costs incurred by sellers producing the good have decreased. d. the price of a complementary good has decreased.