The CB radio was very popular in the 1970s and 1980s for communicating while driving. People bought them because other drivers had them too and they could therefore talk with many others on their trips. This illustrates
A) that the demand curve for CB radios was inelastic.
B) the network effect.
C) that CB radios and gasoline are complementary goods.
D) the effects of mobile phones on the demand curve for CB radios.
B
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A builder is planning to construct to a departmental store with an investment worth $1,200 . He receives proposals from two retailers interested to lease space in it assuring him future cash flows worth $1,000 at the end of the first year and $700 at the end of two years. If the building lasts only for two years and the discount rate is 15 percent, what would be the net present value of this
project? a. $300.50 b. $257.63 c. $198.67 d. $118.38
The largest goods exports of the United States (in dollar volume, 2012) are:
A. energy products, agricultural products, metals, and chemicals. B. petroleum, automobiles, clothing, and household appliances. C. iron and steel, clothing, beef, and sugar. D. aircraft, glassware, television sets, and furniture.