A program of protection that results in preserving jobs in certain industries
a. raises average productivity in all sectors of the economy.
b. does so at very high cost to consumers of the products from those industries.
c. is an efficient way to preserve employment, and is cheaper than other forms of maintaining full employment.
d. is an effective way of encouraging innovation and improvement in production.
b
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If the annual interest rate is i, the present value of $X to be received at the end of each future year forever is:
a. $X/(1 + i) b. $X/i c. $X/(1 + i) n d. $X/i n e. $X n /i n
Jim's Burgers produces 600 burgers per week. Each burger sells for $3 . Goody Candy orders 500 burgers for its upcoming office party from Jim's Burgers. Jim decided to accept the order for $1250 lump sum. What would be the marginal revenue per burger for this order?
a. $3 b. $2.50 c. $0.50 d. It cannot be determined with the information given