The information to be gathered for a decision depends on which of the following?
a. The current market conditions and on the expected costs and benefits of acquiring the information.
b. The model that underlies a decision and on the expected costs and benefits of acquiring the information.
c. The cost of the information and the current market conditions.
d. The model that underlies a decision and the amount of information that is internally available.
B
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Consider a firm that produces 500,00 . units per year. The firm's fixed costs are $100,000 . marginal costs are $250 and the price per unit is $400 . In the long-run, how low can price go before it is profitable to shut down?
a. $150 b. $250 c. $250.20 d. $400
If the earnings of Chopo Co are lower than expected, the forecasts will be revised downward and the price of the company's stock will decline
a. True b. False Indicate whether the statement is true or false