Consumer?consumer rivalry:
A. increases the likelihood of government intervention in the marketplace.
B. increases the negotiating power of consumers in the marketplace.
C. reduces the negotiating power of producers in the marketplace.
D. reduces the negotiating power of consumers in the marketplace.
Answer: D
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James used $250,00 . from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for 320,000 . An economist calculated his profit to be:
a. $320,000 b. $70,000 c. $282,500 d. $32,500
Suppose a manager is deciding whether or not to purchase a piece of equipment to make an input internally and has completed the majority of the net present value (NPV) calculations. The manager has correctly calculated the NPV to be equal to: NPV = ($1.023 × Q) - $350,000, where Q is the annual quantity of the input the firm needs. In order for the NPV to be positive, the firm needs at least
________ units of the input each year. A) 342,131 B) 153,985 C) 289,526 D) 35