Author Question: An increasing-cost industry is so named because of the positive slope of which curve? A) Each ... (Read 41 times)

danielfitts88 · **on:** Jul 1, 2018

An increasing-cost industry is so named because of the positive slope of which curve?

A) Each firm's short-run average cost curve
B) Each firm's short-run marginal cost curve
C) Each firm's long-run average cost curve
D) Each firm's long-run marginal cost curve
E) The industry's long-run supply curve

Question 2

Suppose you plan to retire in eight years, but your boss would like you to earn an online MBA in order to take on a new managerial position.

The firm will continue to pay your salary while you are working through the online courses, and the new position pays an additional 15,000 per year. The online MBA tuition is 35,000 per year, and your discount rate is 5. Should you complete the degree? A) No, the net present value of the degree is negative.
B) Yes, the net present value of the degree is about 4,300
C) Yes, the net present value of the degree is about 20,000
D) We do not have enough information to answer this question.