A continuous choice variable
A. can take on only special values between two end points.
B. must be continuously varied to attain the goal.
C. is in unconstrained but not constrained problems.
D. all of the above
E. none of the above
Answer: E
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What is Y - S equal to?
A) I B) C - T C) I + G D) C
If the foreign exchange rate is 70 cents for one Swiss franc, then
A) a car that costs 40,000 francs will cost $7,143.00. B) a wine that costs 200 francs will cost $14.00. C) a clock that costs 500 francs will cost $350.00. D) a house that costs 100,000 francs will cost $700,000.00.
Which of the following is NOT a common characteristic of oligopoly?
A) strategic dependence among firms in the industry B) product differentiation C) barriers to entry D) marginal cost pricing.
A manager in an investment center is offered a potential investment that would have an ROA of 15 percent. After the investment, it would make up 20 percent of his total portfolio. Currently, he makes 20 percent on his portfolio, though the company requires only 12 percent. Which of the following is true?
A. He will not make the investment because the company prefers 12 percent. B. He will make the investment because a larger portfolio is always better than a smaller portfolio. C. He will not make the investment because it lowers his overall return to 19 percent. D. He will make the investment since it is 3 percent greater than the company's required return.