Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3.
B. -1.5.
C. -3.
D. -30.
Answer: B
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A company borrows money to supplement its current funds and uses it to buy more financial assets. This is what referred to as:
A. leverage. B. herding. C. diversification. D. quantitative easing.
Marginal external cost equals marginal private cost minus marginal social cost
a. True b. False
Compared to a competitive labor market, workers participating in an inclusive union will enjoy
A. higher wages and fewer workers employed. B. lower pay and more workers employed. C. higher wages and more workers employed. D. similar outcomes with respect to pay and employment.
Which of the following is an implicit cost in Jim's business venture?
i. the salary Jim could have earned at another job ii. the interest Jim must pay on the loan he incurred to help open his business iii. the interest Jim lost when he used his savings to help open his business A) i only B) ii only C) iii only D) i and iii E) ii and iii