The parties to a contract usually try to minimize the risks of costly opportunistic behavior by putting appropriate provisions in it
Indicate whether the statement is true or false
T
You might also like to view...
Most U.S. financial crises have started during periods of ________ either after the start of a recession, a stock market crash, or the failure of a major financial institution
A) high uncertainty B) low interest rates C) low asset prices D) high financial regulation
Federal Reserve credit is equal to bank borrowing plus U.S. government security holdings plus
A) currency outstanding. B) capital accounts. C) float. D) bank reserves.
Average total cost is
A) total cost divided by the quantity of output produced.
B) total explicit costs divided by the quantity of output produced.
C) variable cost divided by the quantity of output produced.
D) the change in fixed plus variable cost divided by the quantity of output produced.
Which equation shows how a firm’s marginal cost can be determined by looking at changes in its variable cost?
a. ?MC/?VC b. ?q/?VC c. VC/?VC d. ?VC/?q