In order to predict the marginal rate of return on investment, producers must forecast the interest rate
a. True
b. False
B
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Consider the utility function . If
, the elasticity of substitution is equal to 1.
The elasticity of substitution for CES utility functions is
.
Answer the following statement true (T) or false (F)
Those individuals 16 years of age and over who are working in a job or actively seeking employment are called:
A) the labor force. B) the employed. C) the unemployed. D) none of the above.
Explain why a monopoly or a perfectly competitive firm does not consider a rival firm's behavior, but an oligopoly and a monopolistically competitive firm do
What will be an ideal response?
Which of the following factors influence the appropriate value for the social rate of discount used in NPV analysis of stock externalities?
A) Expected rate of economic growth B) Extent of social risk aversion C) The society's rate of time preference D) all of the above