In the following figure, the opportunity cost (OC) of producing at C, rather than at B, is ________, whereas the opportunity cost of producing at D, rather than at C, is ___________.
a. 7 thousand robots; 4 thousand robots
b. 9 thousand robots; 7 thousand robots
c. 2 thousand robots; 2 thousand robots
d. 3 thousand robots; 3 thousand robots
e. 3 thousand robots; 2 thousand robots
f. 2 thousand robots; 3 thousand robots
f. 2 thousand robots; 3 thousand robots
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The power of the U.S. government to seize private property or exercise the right of eminent domain was an English innovation
Indicate whether the statement is true or false
What would be the effect on the loanable funds market of an increase in the corporate profits tax? (Assume that the government maintains a balanced budget.)
a. The demand for funds would decrease, lowering the interest rate and leading to lower private investment. b. The demand for funds would increase, raising the interest rate and leading to higher private investment. c. Both the demand and the supply of funds would increase, lowering the interest rate and leading to lower private investment. d. The supply of funds would increase, lowering the interest rate and leading to higher private investment. e. The supply of funds would decrease, raising the interest rate and leading to lower private investment.
Which of the following sayings best reflects the concept of opportunity cost?
A. "You can't teach an old dog new tricks." B. "There is no such thing as a free lunch." C. "I have a baker's dozen." D. "There's no business like show business."
Company X is a perfume manufacturer and one of its popular products involves rosewood. It is deeply concerned with the market price fluctuations of rosewood. To protect this, it enters into a contract which would allow the company to buy rosewood at a specific price at a given future date. This is an example of
A. speculation. B. profit maximization. C. hedging. D. investment.