One strategy that can be used to establish expensive procurement contracts is to start a program with relatively low initial costs. This strategy might be an unintended consequence of _____
a. military alliances with nations producing needed military goods
b. unexpectedly high development costs associated with new technology
c. the political process
d. the incentives facing firms bidding for the expensive procurement contracts
b
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In the above table, the marginal product of the fourth worker is
A) 1. B) 3. C) 4. D) 6.
According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, U.S. investors had accumulated ________ of foreign assets.
a. $24.6 billion b. $2.46 trillion c. $24.6 trillion d. $246 trillion
To the extent that current profits are directly related to future profits, a high price/earnings ratio would indicate that stocks are
a. inexpensive. b. expensive. c. going to increase in value in the future. d. most likely to fall in value if interest rates decline.
Firms that can effectively price discriminate can increase profitability when they engage in:
A. predatory pricing. B. Any of the statements associated with this question are correct. C. limit pricing. D. strategies that raises rivals' costs.