The demand curve for a particular stock at any point in time is
A) very inelastic but not infinitely so.
B) almost infinitely inelastic.
C) infinitely elastic.
D) fairly elastic but not infinitely elastic.
C
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The number and availability of discount brokers has grown rapidly since the mid-1970s. The efficient markets hypothesis predicts that people who use discount brokers
A) will likely earn lower returns than those who use full-service brokers. B) will likely earn about the same as those who use full-service brokers, but will net more after brokerage commissions. C) are going against evidence suggesting that full-service brokers can help outperform the market. D) are likely to outperform the market by a wide margin.
Which of the following is NOT an advantage of a futures contract over a forward contract?
A) reduced counterparty risk B) increased flexibility C) lower information cost D) increased liquidity
If market price is greater than or equal to the minimum of AVC but below the minimum of AC, then
A) the firm will shut down. B) the firm will operate because its loss is less than if it shut down. C) revenue is lower than variable costs. D) profit is positive and so the firm will operate.
To promote increased use of port facilities in a major coastal? city, a state government has decided to construct a? state-of-the-art lighthouse at a projected cost of? $10 million. The state proposes to pay half this cost and asks the city to raise the additional funds. Rather than raise its? $5 million in funds via an increase in city taxes and? fees, however, the? city's government asks major businesses in and near the port area to contribute voluntarily to the project. The city is likely to face problems in raising the funds because
A.the combination of public and private monies will create doubt as to the? lighthouse's legal owner.
B.individual businesses may presume that others will pay for the lighthouse so that they can escape paying for their portion without causing a reduction in the? structure's benefit..
C.major businesses in and near the port area are probably too numerous for the city to contact.
D.the businesses will demand tax breaks as compensation for their contributions.