The conceptual measure of the satisfaction a person obtains by consuming all the units of a good or service during a given time period is:
a. total product.
b. total revenue.
c. total utility.
d. total product.
c
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Game theory may be used to solve problems of interdependent decision making by large firms
a. True b. False Indicate whether the statement is true or false
Which of the following are contractionary fiscal policies?
A. Decreased taxation and no change in government spending B. Increased taxation and increased government spending C. No change in taxation and increased government spending D. Increased taxation and decreased government spending
When Sophie, a French citizen, purchases a Dell computer in Paris, France that was produced in Texas, the purchase is
A) both a U.S. and a French import. B) a U.S. import and a French export. C) a U.S. export and a French import. D) neither an export nor an import for either country.
Suppose that new computer software for accounting and analysis at a business has a useful life of only one year and costs $200,000 before it needs to be upgraded to a new version. The revenue generated by this software is expected to be $250,000. The expected rate of return from this new computer software is
A. 11%. B. 25%. C. 20%. D. 80%.