If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $500 for 5 years, the internal rate of return is
A. 10%.
B. 5%.
C. 0%.
D. 15%.
Answer: C
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Explicit costs are
A) costs that are measured in dollars. B) costs that do not involve an exchange of money. C) the same as opportunity costs. D) the same as implicit costs.
Tickets to the Michigan-Notre Dame football game are usually sold out in advance of game day. This suggests that
a. the price of the tickets must be very high or else people would not consider them valuable b. the price is set below the equilibrium level c. the football stadium is relatively small d. everyone who attends the game will enjoy it e. the price is determined primarily by the fixed supply of tickets
If exports and imports both rose, but exports rose more than imports, a. AD would decrease
b. AD would increase. c. AD would be unaffected. d. AD could either increase or decrease.
A manager who believes that all people are valuable and want to contribute to their best ability to ascribe to
a. theory x b. theory y c. theory xy d. management theory