Which of the following statements is true? Group of answer choices A person who chooses to work at a job that pays $40,000 a year instead of a job that pays $80,000 a year is considered (by economists) to be irrational. The wage rate paid in one labor market can affect the supply of labor in another labor market. The wage rate paid in one labor market can affect (albeit indirectly) the wage rate paid in another labor market. The demand for every type of labor is always the same. b and c

Which term refers to the cost that motivates an economic decision

When color is used on a topographical drawing, black is used to represent what?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?