The benefits of any investment project take the form of future profits.
Answer the following statement true (T) or false (F)
True
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Along a straight line, when x equals 90, then y equals 30. When x equals 120, then y equals 40. The slope of the straight line is
A) 1/3. B) -1/3. C) 3. D) -3.
The theory of the kinked demand curve is used to explain
A. bizarre corporate behavior. B. sales maximization. C. the maximin criterion. D. sticky prices in oligopolies.
Under an average-cost pricing policy:
A. a regulatory agency picks a price equal to a natural monopoly's marginal cost. B. a regulatory agency picks a price equal to a natural monopoly's average fixed cost. C. a regulatory agency picks a price at which a natural monopoly's demand curve intersects its average cost curve. D. firms earn economic profits greater than zero.
An association of producers that fixes common prices and output quotas is known as a
A. common selling organization. B. trade association. C. cartel. D. joint-marketing arrangement.