Mathematically the marginal rate of substitution is
A) always a negative number.
B) always a positive number.
C) is equal to 1.
D) sometimes a positive and sometimes a negative number.
Answer: A
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Which of the following are major influences on the expected profit from an investment?
I. technology advances II. stock market behavior III. accounting practices A) I only B) I and II C) I and III D) II and III
Which of the following components of the U.S. balance of payments includes direct investment by Americans in foreign securities?
a. U.S. official reserve assets b. the capital account c. the current account d. U.S. government assets abroad e. merchandise trade balance
In which of the following cases was the firm found not guilty of violating the Sherman Act?
A. Standard Oil case. B. Microsoft case. C. Alcoa case. D. DuPont cellophane case.
At all prices below the shutdown point, optimal short-run output is zero.
Answer the following statement true (T) or false (F)