Technological Progress Has Made It Possible for Firms Such as Apple

question 282

Multiple Choice

Technological progress has made it possible for firms such as Apple and Alivecor to develop small electronic devices,including smartwatches,smartphones,and products that can be attached to the smartwatches and smartphones,to serve consumers who have become more health conscious and wish to monitor various health conditions.These firms are reacting to which of the three key economic ideas?

• A)Firms attempt to maximize revenues.
• B)Optimal decisions are made at the margin.
• C)People are rational.
• D)People respond to economic incentives.

Recognize the role of the amygdala in distinguishing between friendly and threatening faces.

Comprehend how basic emotions are recognized across different cultures.

Identify the physiological responses triggered by the sympathetic nervous system associated with emotions.

Understand the concept of microexpressions and their relevance to nonverbal cues of deception.

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Definitions:

Depreciation Tax Shield

The reduction in taxable income for businesses due to the allowance for depreciation, thereby lowering tax liabilities.

Foundry

A foundry is a factory that melts metal and pours it into molds to create castings, often used in manufacturing processes for various industries.

Tax Rate

The proportion of their earnings or profits that entities or individuals are required to pay to the government in the form of taxes.