Figure 36-5
?


Which of the graphs in Figure 36-5 are consistent with a depreciation of the U.S. dollar and an increase in net exports caused by a decrease in U.S. interest rates?

Break-even quantity is a point where

a. the level of profit is maximized b. the level of cost is minimized c. Only variable costs are covered d. There are zero profits

A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are

a. proprietary and common knowledge. b. common, but not proprietary, knowledge. c. proprietary, but not common, knowledge. d. neither proprietary nor common knowledge.