Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?

The largest major change in the U.S. labor force participation rate during the last few decades has been

A) the increase in the number of illegal immigrants in the United States. B) the decrease in the number of working women. C) the number of prisoners dropping out of the labor force. D) the increase in the number of working women.

Economies of scope has to do with lowering production costs by increasing the quantity of a product produced, whereas economies of scale has to do with lowering production costs by producing several products within the same firm

Indicate whether the statement is true or false