Wegener Thought That ________

question 77

Multiple Choice

Wegener thought that ________.

• A)there were once two big continents that were separated later by the Atlantic Ocean
• B)there was once one big continent that was later separated by the Atlantic Ocean
• C)there was once one big continent that later broke into several pieces
• D)there were once several continents that recombined to form the continents we have today

Explain the significance of the interest-rate cost-of-funds curve being perfectly elastic.

Understand the role of diminishing marginal returns in shaping the expected-rate-of-return curve for R&D investments.

Recognize different sources of funds for R&D and their implications for R&D decision making.

Determine the conditions under which a firm should expand or reduce its R&D expenditures.