Modern portfolio analysis assumes that individuals
A) are risk-averse.
B) attempt to maximize liquidity.
C) attempt to maximize returns regardless of risk.
D) never take risks.
A
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The above table shows the marginal benefit from submarines for the only two citizens of a country. Submarines are a public good. If submarines cost $175 a piece to produce, what is the efficient quantity of submarines?
A) 0 B) 1 C) 2 D) 3
Consistency for the sample average can be defined as follows, with the exception of
A) converges in probability to . B) has the smallest variance of all estimators. C) . D) the probability of being in the range ± c becomes arbitrarily close to one as n increases for any constant c > 0.
If you have a choice between studying and doing another activity, you will devote your time to studying as long as the additional benefit of studying is greater than the additional cost of studying
a. True b. False Indicate whether the statement is true or false
A price level lower than equilibrium will cause quantity supplied to exceed quantity demanded
a. True b. False Indicate whether the statement is true or false