Which is an example of "short selling"?
A) The public high school that offers a before-school breakfast program for twenty dollars a month, paid the first of each month
B) The public high school theater group that sells out their rendition of Grease three days before opening night
C) The for-profit high school ring company that requires payment in full from graduating seniors before producing the rings of their choice
D) All of the above.
D
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The pricing rule MR=MC holds for
a. All firms b. Single product firms c. Multiple product firms d. None of the above
A lower interest rate makes more investment projects profitable, meaning that:
a. there is a direct relationship between the rate of interest and the quantity of investment spending. b. there is an inverse relationship between the rate of interest and the quantity of investment spending. c. there is no relationship between the rate of interest and the quantity of investment spending. d. the demand curve for investment spending is horizontal. e. the demand curve for investment spending is vertical.
Long-run economies of scale exist when the long-run average cost curve
a. rises. b. remains constant. c. falls. d. does not exist.
For an unconstrained maximization problem
A. the decision maker seeks to maximize net benefits. B. the decision maker does not take cost into account because there is no constraint. C. the decision maker seeks to maximize total benefits. D. the decision maker does not take the objective function into account because there is no constraint. E. none of the above