Managers will use ________ probabilities to estimate the likelihood of a profitable entry into a foreign market.
A) subjective
B) objective
C) known
D) relative
A) subjective
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The price of a bagel with cream cheese equals $2 and the price of a donut equals 50 cents. The marginal utility to Jade of the last bagel consumed equals 16 utils. If Jade maximizes her satisfaction by consuming both bagels and donuts, we would expect the marginal utility of the last donut consumed to equal: a. 20 utils. b. 12 utils. c. 8 utils
d. 4 utils.
"If it were not for the law of diminishing marginal returns, the world's wheat could be grown in a flower pot." Explain
The News Wire article in the text titled "Economy Sharpest decline in 26 years" "Economy Contracts in 3rd Quarter" discusses the reduction in output for the U.S. economy. Which type of unemployment is most likely in this situation?
A. Structural B. Frictional C. Cyclical D. Seasonal
A commercial bank has actual reserves of $1 million and checkable-deposit liabilities of $9 million, while the required reserve ratio is 10 percent. The excess reserves of the bank are:
A. $100,000. B. $1 million. C. $50,000. D. $900,000.