The law of diminishing marginal utility implies it is possible that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant
a. True
b. False
A
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A manager is considering investing in a new piece of equipment. The equipment cost $50,000 and the manager will finance the full amount of the cost over three years at an interest rate of 4 percent. In the third year, the manager will repay the entire principal of the loan plus the year's annual interest, after making interest-only payments for the first two years. The equipment will generate
$30,000 in future operating profit each of the three years and has a salvage value of zero at the end of the three years. The tax rate on the firm's profit is 8 percent each year. What is the net present value of the investment? A) $27,036 B) $20,589 C) $32,598 D) $35,852
Briefly explain the nature of a perfectly competitive firm. Briefly discuss the effect of new entrants into a perfectly competitive market
Suppose the government imposed a binding price ceiling in the market for housing. Other things equal, the effect of this price ceiling will be to:
A. allow fewer low-income people to buy water. B. give an incentive for buyers and sellers to of houses to make illegal transactions. C. decrease the quantity of houses for sale in the market. D. all of the choices are correct.
The word "productive", as applied to agriculture or manufacturing,
What will be an ideal response?