If someone produced too much of a good, this would suggest that: a. rational choice cannot be applied to many economic decisions. b. the good was produced past the point where its marginal cost exceeded its marginal benefit. c. certain goods and services such as education and health care are inherently desirable and should be produced regardless of costs and benefits. d. the good was produced to the point where its marginal benefit exceeded its marginal cost.

Payday loans could be considered as a. illegal b.subprime lending c. good deal for borrower d. for frequent use

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.