Out of a set of feasible alternatives, an optimizer should choose the alternative with the:
A) highest net benefit.
B) highest opportunity cost.
C) lowest total cost, regardless of benefit.
D) highest total benefit, regardless of cost.
A
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The supply chain has change very little over the past 50 years
Indicate whether the statement is true or false
A bubble is best defined as
a. an increase in the price of an asset resulting from fundamentals causes. b. an increase in the price of an asset resulting from factors other than fundamentals causes. c. a decrease in the price of an asset resulting from fundamentals causes. d. a decrease in the price of an asset resulting from factors other than fundamentals causes.
Which of the following development strategies emphasize freer trade?
a. Import substitution b. Export promotion c. Higher export tariffs d. Higher import tariffs
Suppose Chase Bank owns a truck that it leases to Ryder Inc. The truck's value is $100,000 and it is expected to deteriorate at a rate of 5 percent per year. If the real interest rate is 2 percent, then Chase's total costs of owning the truck are
A. $5,000 B. $1,000 C. $100 D. $7,000