Banks will be examined at least once a year and given a CAMELS rating by examiners. The L stands for
A) liabilities.
B) liquidity.
C) loans.
D) leverage.
B
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An unplanned increase in inventories results from
A) actual investment that is less than planned investment. B) an increase in planned investment. C) a decrease in planned investment. D) actual investment that is greater than planned investment.
Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna holds an auction between the two bidders, and both have high values, she would earn ___ from the auction
a. Just above $100 b. $100 c. Just above $70 d. $70
Which of the following is true at the level of output at which a competitive firm maximizes profit?
a. price = marginal cost b. price = wage/value of marginal product of labor c. price = marginal product of labor/wage d. All of the above are correct.
If the demand for agricultural products is price inelastic and the supply is dependent upon weather conditions, then
A) price changes are likely to be small, and farm revenues are likely to be highly volatile. B) price changes are likely to be large, and farm revenues are likely to be highly volatile. C) prices are likely to be constant, and farm revenues are likely to be constant. D) prices are likely to be constant, and farm revenues are likely to be highly volatile. E) price changes are likely to be small, and farm revenues are likely to be constant.