The slope of a production possibilities curve represents:
A) the marginal cost of producing the good measured on the horizontal axis.
B) the marginal cost of producing the good measured on the vertical axis.
C) the opportunity cost of producing the goods.
D) the ratio of the average cost of producing both goods.
C
You might also like to view...
Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. B) are in greater demand and the natural resources are increasingly coming from developing countries. C) prices are falling since China has tremendous negotiating power. D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.
Suppose you plan to hold a stock for one year. You expect that, in one year, it will sell for $30 and pay a dividend of $3 per share. If your required return on equity is 10%, what is the most you should be willing to pay for the share today?
A) $3.30 B) $23 C) $30 D) $33