A contract that requires the investor to buy securities on a future date is called a
A) short contract.
B) long contract.
C) hedge.
D) cross.
B
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Even though it often does not result in profit maximization, some small firms use a cost-plus pricing strategy anyway because
A) they sell several products, each of which sells for a different price. The time and expense involved in finding the profit-maximizing price for each product are not worth the effort. B) they do not understand what marginal revenue and marginal cost mean. C) it is easy to use. D) it is expensive to hire an economist who can determine what the profit-maximizing price is.
The official definition of the money supply that includes coins, paper money, travelers’ checks, conventional checking accounts, and other checkable deposits at banks and saving institutions is called ____.
A. M1 B. M2 C. M3 D. L
The demand for good X has been estimated to be ln Qxd = 100 ? 2.5 ln PX + 4 ln PY + ln M. The own price elasticity of good X is:
A. ?2.5. B. 4.0 percent. C. 4.0. D. ?2.5 percent.
The consumer optimum (for two goods, A and B) is reached when
A. TUA = TUB. B. TUA/PA = TUB/PB. C. MUA = MUB. D. MUA/PA = MUB/PB.