Perfect price discrimination will lead a firm to produce up to the point where price equals marginal cost, the efficient level of output

The following are properties of the logarithm function with the exception of

A) ln(1/ x) = -ln(x). B) ln(a + x) = ln(a) + ln(x). C) ln(ax) = ln(a) + ln(x). D) ln(xa) a ln(x).

Which of the following is one of the main reasons why China has recently received large amounts of foreign direct investment?

a. The prospect that multinational firms have of selling to the massive Chinese market b. The lack of environmental standards under the communist government of China c. The prospect of using forced child labor for cheaper production in this country d. The relative strength of the Chinese currency, which makes any investment there worthwhile e. The advanced southeast Asian highway system, which makes transportation extremely efficient