Equilibrium quantity is _____.
40
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Comment on the following statement: "If the provision of public goods was left to private firms, the outcome would be more efficient than what occurs when the government provides them."
What will be an ideal response?
Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a computer in the United States is equal to ________, and the opportunity cost of producing a computer in Mexico is ________
A) 4 bicycles; 0.5 bicycles B) 0.25 bicycle; 2 bicycles C) 2.67 computers; 0.33 bicycles D) 0.375 bicycle; 3 computers
In a sealed-bid first price auction, if you notice that your competition is weaker, you should
a. Shade your bid more b. Shade your bid less c. Bid more aggressively d. Both B&C
The basic dividend-discount model is a bit of an oversimplification for valuing stocks because it:
A. ignores the value of future dividends. B. ignores the risk involved in holding stocks. C. cannot handle stocks that do not pay dividends. D. ignores expected dividend growth.