A firm has $300 million in revenues and explicit costs of $100 million. If its owners have invested $150 million in the company at an opportunity cost of 10 percent a year, the firm's accounting profit is:
a. $50 million
b. $150 million.
c. $185 million.
d. $200 million.
d
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Countries that are more open to international trade tend to have
A) property rights that are not well defined. B) higher levels of economic growth. C) lower levels of physical capital. D) lower levels of economic growth.
Sally, Kelly, and Debbie are roommates deciding on how many cats they want in the apartment. Sally prefers three cats to two cats to one cat, Kelly prefers two to one to three, and Debbie prefers one to two to three. If they decide by majority vote (one versus two, two versus three, and so on), how many cats will they get?
a. none b. one c. two d. three e. the answer cannot be determined from the information given
Monetary policy is controlled by..
What will be an ideal response?
What are the implications of the quantity theory of money for monetary policy and price stability?
What will be an ideal response?