Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 60
B. exactly 30
C. more than 30
D. fewer than 30
Answer: D
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Refer to the above figure. A unit tax has been placed on the good. What is the total amount of the tax?
A) 0 B) P2 - P0 C) P2 - P1 D) P1 - P0
The relationship between NPV and IRR is such that :
a. both approaches always provide the same ranking of alternatives b. the IRR of a project is equal to the firm's cost of capital when the NPV of a project is $0 c. if the NPV of a project is negative, then the IRR must be greater than the cost of capital d. all of the above e. none of the above
Changes in the interest rate help explain
a. only the slope of, not shifts of aggregate demand. b. only shifts of, not the slope of aggregate demand. c. both the slope of and shifts of aggregate demand. d. neither the slope nor shifts of aggregate demand.
As long as marginal product of labor exceeds the average product of labor, then average product of labor
A. will stay unchanged. B. must rise. C. will be at its maximum value. D. must fall.