Author Question: How can a focus on the original cost of a product distort economic decisions? What will be an ... (Read 27 times)

tth

  • Hero Member
  • *****
  • Posts: 579
How can a focus on the original cost of a product distort economic decisions?
 
  What will be an ideal response?

Question 2

The 1920s represents the dawn of commercial radio. How would those investors interested in the new technology decided what growth possibilities there were? Would knowledgeable investors have drawn straight lines on regular or on semilogarithmic
 
  graph paper? Why?



aadams68

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

The total cost of something does not always depend on the original price because
the object can have residual value.

Answer to Question 2

Many people did invest in radio in the 1920s and became quite rich. William
Paley, who formed the Columbia Broadcasting System, is an example. These investors
might not have known about exponential growth, but they sensed the possibilities and it
excited them. The Great Depression dampened their rewards for many years, but they did
make a lot of money in the end.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library