Tone in my own personal opinion
Answer:
A
Explanation:
Present Value relates to the amount that an investment would yield if the benefit were realized today. it is said to be the value of the future economic benefits an entity can generate
Answer:
The correct answer is External economies result in a decreasing cost industry and a downward sloping LRIS curve.
Explanation:
Solution:
From the given question stated, the best statement that sis true of the long‑run industry supply curve (LRIS) is, because of external economies of scale, a larger or bigger quantity of the product is offered at a lower price which is a decreasing/reducing cost industry with an exception to the Law of Supply),the industry supply curve is downward sloping.
Answer:
increases the opportunity cost of consuming today
Explanation:
Consumption today is inversely related to interest rate.
If interest rate rises, consumption falls and if interest rate falls, consumption increases.
If interest rate is higher, the amount that can be earned on savings increases and this increases the incentives to save more now and consume less today.
Answer:
No, because the worker was not in danger while on the stalled elevator.
Explanation:
Product liability is defined as the liability that the producer of a good bears for putting a defective or dangerous product in the hands of the consumer.
For any injury done to the consumer, the producer is liable.
However in this scenario when the elevator stalled he was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.
The injury was not as a result of product defect. So the worker is not likely to obtain a judgment for 100% of his damages.
