If the complicated technology costs $10million to develop while the simple technology costs $2million to develop, which technology is more profitable to develop?
a. The simple voice-activated software
b. The complicated thought-activated software
c. Neither of the software
d. Need more information
a
Economics
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Why do preference reversals occur?
What will be an ideal response?
Economics
In a simple, private economy, suppose that the MPC is .8 and investment rises by $20 million. At the new equilibrium, how much will saving have increased?
a. $8 million b. $16 million c. $20 million d. $80 million e. $100 million
Economics