Refer to the cost table below. Diminishing marginal returns begins to set in with the production of which unit of output?
A. 2
B. 3
C. 4
D. 5
C. 4
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If a stock's dividend is expected to grow at a constant rate of 4 percent in the future
and it has just paid a dividend of $6.00 per share, and you have an alternative investment of equal risk that will earn a 7 percent rate of return, what would you be willing to pay per share for this stock? A) $6.66 B) $54.55 C) $200.00 D) $208.00
E(ui Xi) = 0 says that
A) dividing the error by the explanatory variable results in a zero (on average). B) the sample regression function residuals are unrelated to the explanatory variable. C) the sample mean of the Xs is much larger than the sample mean of the errors. D) the conditional distribution of the error given the explanatory variable has a zero mean.
Which of the following is the Federal Reserve's most important tool of monetary control?
A. discounting operations B. margin requirements C. reserve requirement changes D. open market operations
For a competitive market in the long run,
A. Economic profit is positive. B. Economic losses induce firms to shut down. C. Economic profits induce firms to enter until profits are normal. D. Accounting profit is zero.