Public goods are characterized by
A. nonrivalness.
B. excludability.
C. the sum of the MRSs equaling MRT.
D. all of these answer options are correct.
D. all of these answer options are correct.
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The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 4 pounds of cookies, to maximize its profit it will
A) increase its output. B) decrease its output. C) continue producing 4 pounds of cookies. D) shut down.
In Porter's Five Competitive Forces model, "competition from substitute goods or services" refers to
A) substitute products that come from outside the industry. B) substitute products that come from foreign competitors in the same industry. C) substitute products that come from domestic competitors in the same industry. D) competition from producers of substitutes who outsource their production.
Suppose that Acme Widget is currently selling for $100 per share and you own a call option to buy Acme Widget at $75 per share. The intrinsic value of your option is
A) $25. B) $75. C) $100. D) not possible to determine in the absence of information on values of the share price of Acme Widget between now and the expiration date of the call.
?For 2.5% significance level, the asymptotic critical value for cointegration test with linear time trend is -3.59.
Answer the following statement true (T) or false (F)