Based on the following table, the additional cost of producing the 60th unit of output is:
A. $5
B. $80
C. $250
D. $120
E. $8
Answer: A
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Nondeliverable forward exchange markets in centers such as Hong Kong and Singapore help to circumvent which problem?
A) loss of goods shipped from Hong Kong and Singapore B) inconvertible currencies cannot be traded in foreign markets C) lag between the spot exchange date and the value date D) high travel costs from Asia to "traditional" foreign exchange markets E) unstable currencies that hold no purchasing power
Which of the following is a potential operating instrument for the central bank?
A) the monetary base B) the M1 money supply C) nominal GDP D) the discount rate
Two investments have the following expected returns (net present values) and standard deviations: PROJECT Expected Value Standard Deviation Q $100,000 $20,000 X $50,000 $16,000 Based on the Coefficient of Variation, where the C.V. is the standard deviation dividend by the expected value
a. All coefficients of variation are always the same. b. Project Q is riskier than Project X c. Project X is riskier than Project Q d. Both projects have the same relative risk profile e. There is not enough information to find the coefficient of variation.
Which of the following is an example of capital?
a. Education b. Natural resources c. Machinery d. Training e. Money