Refer to the figure above. What is the opportunity cost of producing one computer program?

A) 0.2 Web sites
B) 5 Web sites
C) 8 Web sites
D) 12 Web sites

A

Economics

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The primary purpose of antitrust legislation is to:

a. protect small business. b. protect the competitiveness of U.S. business. c. protect the prices of American-made products. d. ensure American labor is paid a fair wage. e. ensure firms earn only a fair profit.

Economics

Suppose that the rate of interest increases. What will happen to the discounted present value of an investment?

a. It will increase. b. It will decrease. c. It will remain unchanged. d. It depends on the magnitude of the change.

Economics