Why might a producer practice price discrimination?
A) to maximize profits
B) to maximize quantity demanded
C) to make its products more affordable to those with low incomes
D) to maximize economic efficiency
A
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When two mutually exclusive projects are considered, the NPV calculations and the IRR calculations may, under certain circumstances, give conflicting recommendations as to which project to accept
The reason for this result is that in the NPV calculation, cash inflows are assumed to be reinvested at the cost of capital, while in the IRR solution, reinvestment takes place at A) the hurdle rate. B) the accounting rate of return. C) the prime rate. D) the project's internal rate of return.
If the money supply is $600, the price level is $2, and real GDP is $300, the velocity of money is _____
a. 1 b. 150 c. 300 d. 600 e. 1,200