Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same.
B. at any of the labeled points, as all of the points represent an efficient allocation of resources.
C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced.
D. indeterminate from this information, as we don't have any information about the society's desires.
Answer: D
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Diseconomies of scale can be caused by
A) the law of diminishing returns. B) bureaucratic inefficiencies. C) increasing advertising and promotional costs. D) All of the above
Given an annual interest rate of 5 percent, what is the present value of receiving $2,000 in one year?
A) $1980.19 B) $1950.25 C) $1934.89 D) $1,904.76
First-mover advantage is:
A. more important in a repeated game than in a sequential game. B. more important in a repeated sequential game than in a one-round sequential game. C. more important to those who have less to bargain with. D. more important in an ultimatum game than in a repeated game.
Which of the following is an example of U.S. foreign direct investment?
a. A Greek company opens a cheese factory in the U.S. b. A German mutual fund buys stock issued by a U.S. corporation. c. A U.S. beverage company opens a bottling plant in Russia. d. A U.S. bank buys bonds issued by an Argentinean company.