Examlex

Solved

Computers "R" Us Borrowed $40,000 for 2 Years at 7

question 62

True/False

Computers "R" Us borrowed $40,000 for 2 years at 7%.The face value of the note is $45,600.


Definitions:

Long-Run Adjustment

The process by which firms adjust their production capacity and input usage to new market conditions over time, beyond short-term fluctuations.

Returns To Scale

Rate at which output increases as inputs are increased proportionately.

Increasing Marginal Product

A situation where each additional unit of input results in an increased amount of output.

Economic Rents

Extra earnings above the minimum amount necessary to keep a factor of production in its current use.

Related Questions