The Acme Stereo Company had a capital stock of $24 million at the beginning of the year. At the end of the year, the firm had a capital stock of $20 million. Thus its
A) net investment was some amount but we need more information to determine the amount.
B) net investment was $4 million for the year.
C) gross investment was zero.
D) net investment was -$4 million for the year.
D
Economics
You might also like to view...
Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4
Economics
Cartel members have an incentive to cheat on cartel agreements because
a. the cartel cannot maximize profits. b. the cartel price is the competitive price. c. the demand curve for the firm is more elastic than the cartel's demand curve. d. the industry profit would be higher under competitive conditions.
Economics