Globalization and growing technology have produced
A) more opportunities for low-skilled labor than for high-skilled labor.
B) equal opportunities for low-skilled and high-skilled labor.
C) outsized, exponential rewards for superstar talent.
D) rewards for labor that have reduced income inequality.
C
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A firm has to choose between projects X and Y. Project X's internal rate of return is positive. If the cash flow of project Y is discounted at project X's internal rate of return, this firm will
A) choose project X if the net present value of project Y is positive. B) choose project X if the net present value of project Y is negative. C) choose project Y if the net present value of project Y is positive. D) choose project X regardless of the net present value of project Y.
Average costs _______initially due to the presence of fixed costs and then rise due to _________
a. fall; decreasing marginal costs b. fall ; increasing marginal costs c. rise; decreasing fixed costs d. rise; increasing fixed costs