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Answer:
False
Explanation:
The first part of the statement is not only false but also counterproductive. If the firm tries to sell things to people who cannot afford them, it will probably not make a lot of profit, by definition.
The second part is simply unethical. For example, a cigarette company should not sell cigarettes to teenagers, it is unethical and also illegal.
Consider the information below for a purely competitive firm : if output is two units, then mr > mc > avc and output should be <u>increased</u>.
Answer: True
Explanation:
With the on-going drive towards Globalization, companies took advantage to raise more capital by listing across various stock exchanges in the world. The result of this became that the securities market became more correlated.
This had the advantage of granting many companies enough capital that they became Multinational companies but it had the disadvantage of reducing the benefits of international portfolio diversification because the companies would be able to influence the movement of stock across the nations that they are listed in. Where before you could trade in Japan if there were losses in the NYSE, with a company being on both and suffering, both exchanges would feel it.
Answer:
c. the cost of driving the next 25 miles, but not the cost of driving the first 500.
Explanation:
500 miles already have been driven and all the cost incurred before is considered to be sunk cost for the decision to be made. Any additional cost to change the decision or make the decision will be the opportunity cost of that event. In this example only 25 miles cost will be an opportunity cost of visiting the attraction never been visited before.