In the European model the stakeholder plays a less prominent role than in the Anglo-Saxon model
a. True
b. False
B
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Refer to the table below. Julia's opportunity cost of making a pie is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 cakes B. 6/5 of a cake C. 5/6 of a cake D. 6 cakes
Which of the following is not a reason for studying credit market frictions?
A) explaining features of financial crises. B) explaining key elements of financial market behavior. C) understanding why Ricardian equivalence may not work. D) explaining why collateral does not matter.
The marginal revenue product curve slopes downward only if the firm is a price searcher in the product market
a. True b. False
If you must determine the long-run equilibrium output of a perfectly competitive firm and you are permitted to see only one curve, which of the following curves is most helpful?
a. demand b. marginal cost c. average cost d. average fixed cost