Index funds are usually outperformed by mutual funds that are actively managed by professional money managers
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the scenario above. The average payoff of the bet is:
A) $50. B) $100. C) -$50. D) -$100.
A monopolist in the radio industry has two radio-making plants. The marginal cost of radio production by Plant A is $4Q (where Q is the number of radios produced) and the marginal cost of radio production by Plant B is always $16 . If the demand curve for radios is downward sloping, the monopolist will
a. never produce radios at Plant A. b. always produce four times as many radios at Plant B as at A. c. never produce more than four radios at Plant A. d. produce radios at Plant A only as a last resort.
A price elasticity of infinity corresponds to a demand curve that is:
A. vertical. B. horizontal. C. either vertical or horizontal. D. downward sloping with a slope always equal to 1.
What have been three major criticisms of agricultural policies over the past half-century?
What will be an ideal response?