Which of the following accidents has an optimal probability of zero?
A) patent infringements
B) audit failure
C) product failure
D) It is not optimal for any of the accidents, patent infringements, audit failure, or product failure to have a probability of zero.
D) It is not optimal for any of the accidents, patent infringements, audit failure, or product failure to have a probability of zero.
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As an economic expansion approaches its peak, it is very likely that real GDP will
A) exceed nominal GDP. B) exceed potential GDP. C) equal nominal GDP but not potential GDP. D) be less than potential GDP. E) equal nominal GDP and equal potential GDP.
The long run average cost curve may initially slope downward due to
A) decreasing average fixed costs. B) increasing marginal returns. C) economies of scale. D) All of the above.
An investment will pay $2,000 a quarter of the time; $1,600 half of the time and $1,400 a quarter of the time. The standard deviation of this asset is:
A. $217.94 B. $1,650 C. $600 D. $47,500
The elastic portion of the downward-sloping straight-line demand curve lies:
A. at the intersection with the supply curve. B. above the point of unit elasticity. C. anywhere to the right of the current market price. D. below the point where total revenue is maximized.