Long-run expansion in an increasing-cost industry increases each firm's marginal and average costs by
a. saving money on per-unit production costs
b. bidding up the price of resources
c. holding the price of resources constant
d. forcing down the price of resources
e. bidding up each firm's marginal revenue
B
Economics
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If, at the end of the project life, a piece of equipment having a book value of $4,000 is expected to bring $3,000 upon resale, and the income tax rate is 40%, how much will be the cash flow?
A) $2,800 B) $3,000 C) $3,400 D) $4,000
Economics
Members of a free trade area not only remove barriers among themselves but also engage in free trade with non-member countries.
Answer the following statement true (T) or false (F)
Economics