Private investment from a foreign country is known as
a. development assistance.
b. foreign direct investment.
c. technical progress.
d. the cost disease of personal services.
b
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The production possibilities frontier shifts as
A) tastes and preferences change. B) the money supply grows or shrinks. C) technology changes. D) the unemployment rate changes.
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. If Alice produces 5,000 cubic yards per year, what is Kate's inverse demand function?
A. P = 75 - 0.005QK B. P = 75 - 0.005QA C. P = 150 - 0.005QK D. P = 175 - 0.005QA
The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. performing random acts of kindness to employees b. avoiding rewards for outcomes that are not included in the performance measures c. rewarding workers who for meet performance measures d. identifying the relevant measures on which to evaluate employees
Refer to the diagram for a pure monopolist. Monopoly profit:
A. cannot be determined from the information given.
B. will be ae per unit sold.
C. will be bc per unit sold.
D. will be ac per unit sold.