Use the information provided in Table 7.4 below to answer the question(s) that follow.
Table 7.4Inputs Required to Produce a Product Using Alternative TechnologiesTechnologyUnits of CapitalNumber of EmployeesA 836B 1224C 1616D 24 12Refer to Table 7.4. Which technology is the most capital intensive?
A. A
B. B
C. C
D. D
Answer: D
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The demand curve for the perfectly competitive industry normally slopes downward, unlike the perfect competitive firm. Why?
A decrease in net wealth will
What will be an ideal response?
If you were going to evaluate the how much money you will have after ten years of saving $100 per month, which Excel function would help you calculate it?
A. FV B. Profit C. PMT D. Invest
Refer to the information provided in Table 20.6 below to answer the question(s) that follow.
Table 20.6
Refer to Table 20.6. If the exchange rate is $1 = 1 euro, then
A. the United States will import both peas and carrots. B. France will import carrots. C. France will import both peas and carrots. D. the United States will import carrots and France will import peas.