The price elasticity of an upward-sloping supply curve is always
A) positive. B) impossible to determine.
C) greater than one. D) negative.
A
Economics
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Of the two software options, complicated software, now costing $15.5 million with a probability of success at 50%, and the simplified software, with a probability of a success at 65%, which one would the firm choose to develop if it can develop only one?
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information
Economics
Matt deposits $150,000 into his bank, which has a required reserve ratio of 15 percent. Matt’s bank must keep ______ of this new deposit in its reserves.
a. $10,000 b. $127,500 c. $150,000 d. $22,500
Economics