An example of an investment is
A. the purchase of a Hewlett Packard laser printer for use by a business.
B. the purchase of a share of Google stock.
C. the purchase of an Exxon Mobil bond.
D. all of the above.
Answer: A
Economics
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A firm is currently producing 100 widgets using 4 units of labor and 12 units of capital. The firm's production function exhibits constant returns to scale. How many units of labor and capital are needed to produce 350 widgets?
A) L = 14; K = 42 B) L = 15; K = 45 C) L = 14; K = 44 D) L = 15; K = 42
Economics
Refer to the table below. Julia's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 cakes B. 6 cakes C. 5/6 of a cake D. 6/5 of a cake
Economics