An investment in human capital will be financially profitable if the present discounted value of the future earnings generated by the investment exceeds the
a. present discounted value of both the direct and indirect costs of the investment.
b. dollar amount of the direct and indirect costs of the investment.
c. present discounted value of only the direct costs of the investment.
d. present discounted value of only the indirect costs of the investment.
A
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Microeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle
Indicate whether the statement is true or false
The net international investment position reflects the domestic holding of foreign assets minus foreign holdings of domestic assets
Indicate whether the statement is true or false
A firm that has a great deal of control over the price of a good is said
A) to function in a black market. B) to create a tax incidence. C) to have monopoly power. D) to be in an antitrust position.
Which of the following is the best example of a variable cost?
a. monthly wage payments for hired labor b. annual property tax payments for a building c. monthly rent payments for a warehouse d. annual insurance payments for a warehouse