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Because most people prefer smartphones to flip phones, firms can improve efficiency by

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Because most people prefer smartphones to flip phones, firms can improve efficiency by

Question 1.

An investment should be undertaken if the present value of an expected stream of earnings from the investment exceeds the cost of the investment necessary to undertake it.

▸ true

▸ false

Question 2.

Because most people prefer smartphones to flip phones, firms can improve efficiency by

▸ stopping production of flip phones and starting production of smartphones.

▸ starting production of flip phones and stopping production of smartphones.

▸ increasing production of both flip phones and smartphones.

▸ stopping production of both flip phones and smartphones.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 91 times

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