Assume that the adoption of a new technology costing $8 per year lowers the marginal cost of producing Good X from $7 to $3 . The firm will adopt the new technology if it expects annual profit to increase from $14 to $18
Indicate whether the statement is true or false
F
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Total profit is maximized when marginal profit maximized.
Answer the following statement true (T) or false (F)
Because depreciation of the real exchange rate of the dollar increases U.S. net exports, the demand curve for dollars in the foreign-currency exchange market is downward sloping
a. True b. False Indicate whether the statement is true or false
The presence of adverse selection:
A. increases the efficiency of markets. B. reduces the efficiency of markets. C. makes the buyer less efficient and the seller more efficient. D. does not affect the efficiency of markets.
About ____ of the world's population subsists on no more than $2 a day.
A. one tenth. B. one quarter. C. one third. D. one half.