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?

Wal-mart

(a) is the railroad of the late nineteenth century. (b) provides an example of how one large business enterprise still can seize market power to restrict entry and exit. (c) holds monopoly power in retail. (d) exists at the expense of consumers.

When constructing a production possibility curve for an economy, which of the following is assumed to be constant?

a. The quantity of resources b. The government budget c. The quantity of goods produced d. The price level e. The money supply