A profit-maximizing monopolist will never operate in the portion of the demand curve with price elasticity equal to

Explain what the four main categories of world economies are and give examples?

What will be an ideal response?

The first term in an NPV calculation is usually

A) positive, because firms consider only positive returns. B) positive, because interest charges do not accrue until the second period. C) zero, because interest charges do not accrue until the second period. D) negative, because funds for the project have to be borrowed up front before it is begun. E) negative, because the cost of the project is immediate, but revenue streams from the project come later.