Economic profit equals
A) net operating profit after taxes plus the cost of capital.
B) net operating profit after taxes divided by the cost of capital.
C) net operating profit after taxes multiplied by the cost of capital.
D) net operating profit after taxes minus the cost of capital.
D
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According to the text application, the IPCC estimates that
a. Africa is the only continent vulnerable to climate change b. ecological risk to North America will vary within the region c. Europe should experience shorter growing seasons d. Latin American should experience higher crop yields e. all of the above
All else being equal, if the rate of growth in productivity in Spain is greater than the rate of growth in productivity in the United States, the euro
A) will decrease in value relative the U.S. dollar. B) will nominally depreciate against the dollar, but its real value relative to the dollar will remain unchanged. C) will increase in value relative to the U.S. dollar. D) will nominally appreciate against the dollar, but its real value relative to the dollar will remain unchanged.
The median voter is:
A. the voter who has the median income policy among all voters. B. the voter who has the median policy among all voters. C. the voter who has the average policy among all voters. D. the voter who has the mean policy among all voters.
Refer to Table 2-18. What is Mickey's opportunity cost of making a hat?
A) 1/10 of an umbrella B) 1/5 of an umbrella C) 5 umbrellas D) 10 umbrellas