How can we determine separately the cost of producing ham hocks from the cost of producing bacon?
A) By separately estimating the labor time it takes to butcher the hocks and the bacon
B) By separately calculating the weight of the hocks and the bacon as percentages of total useable meat
C) By consulting the average industry costs of ham hocks and bacon
D) There is no way to determine the specific costs of joint products.
D
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If the present value equation used to calculate the price of a stock you are considering buying is "[$12 / (0.05 - 0.02)]," which of the following is correct, assuming that dividends will grow at a constant rate?
A) The dividend is $12 per share, the dividend growth rate is 5 percent, and the interest rate is 2 percent. B) The dividend is $12 per share, the dividend growth rate is 2 percent, and the interest rate is 5 percent. C) The stock price is $12, the dividend growth rate is 5 percent, and the interest rate is 3 percent. D) The stock price is $12, the dividend growth rate is 2 percent, and the interest rate is 5 percent.
If the exchange rate of yen for dollars increases from 100 yen = $1 to 110 yen = $1, then:
a. Japanese-produced goods would become more expensive. b. the dollar has depreciated. c. the yen has appreciated. d. U.S.-produced goods would become more expensive. e. U.S. exports would increase.
Say a consumer is choosing between wine and cheese. The price of wine is 10 and the price of cheese is 5. If the marginal rate of substitution is 4, and if wine is on the horizontal axis and cheese is on the vertical axis then the consumer is purchasing
A. too much wine. B. purchasing more than what her income would allow. C. just the right amount of both goods. D. too much cheese.
What are the three main sources for economic growth in any economy?