If the level of technology rises from 8 to 8.2 in one period, the growth rate of technology is ________
A) 2.5 percent
B) 20 percent
C) two percent
D) 0.2 percent
A
Economics
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How are changes in inventory treated in GDP?
What will be an ideal response?
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A manager invests $400,00 . in a technology to reduce overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85 . This affects
a. Economic profits b. Accounting profits c. Both a and b d. None of the above
Economics
When firms are faced with making strategic choices in order to maximize profit, economists typically use ____ to model their behavior
a. monopoly theory b. game theory c. cartel theory d. the theory of perfect competition
Economics
The origin of classical economics was based on the book written by
A. John Maynard Keynes. B. Milton Friedman. C. Karl Marx. D. Adam Smith.
Economics