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  • Which of the following is an implicit cost of going to college? #61
  • Which of the following signals to the owners of scarce resources are the best uses of those resources? #62
  • The primary inducement for new firms to enter an industry is: #63
  • Managerial economics generally refers to the integration of economic theory with business #64
  • As more firms enter an industry #65
  • Scarce resources are ultimately allocated toward the production of goods most wanted by society because: #66
  • The opportunity cost of receiving ten dollars in the future as opposed to getting that ten dollars today is: #67
  • If the interest rate is 5%, what is the present value of ten dollars received one year from now? #68
  • If you put $1,000 in a savings account at an interest rate of 10%, how much money will you have in one year? #69
  • If the interest rate is five percent, the present value of $200 received at the end of five years is: #70
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