Which of the following is not an explanation for the revival in the growth of productivity starting in the mid-1990s?
A) Cell phones and wireless Internet access have increased worker flexibility.
B) Internet use has increased the efficiency of how firms buy and sell to each other and to consumers.
C) Information and communication innovations are increasingly geared toward improving business processes and not consumer products.
D) Faster computers have sped up data processing.
C
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What will be an ideal response?
Which of the following is a difference between a monopolist and a firm in perfect competition?
a. The marginal revenue curve is downward-sloping. b. Marginal revenue equals price. c. Economic profits are zero in the long-run. d. The marginal revenue curve lies above the demand curve.
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Indicate whether the statement is true or false
Table 10.1 shows the cash flows and discounted cash flows for three mutually exclusive projects available to a company. Assume an interest rate of 5%. Which project should the company choose if they want to maximize their return?
A. Project A
B. Project B
C. Project C
D. It cannot be determined from the information given.