Suppose that Fly-By-Night Airlines, Inc. has a return of 5% twenty percent of the time and 0% the rest of the time. The expected return from Fly-By-Night is:

A. 1.0%.
B. 0.1%.
C. 10%.
D. 0.2%.


Answer: A

Economics

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The period of growth in real GDP between the trough of the business cycle and the next peak is called the:

A. recessionary phase. B. expansionary phase. C. contractionary phase. D. cyclical phase.

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If the government used the revenue from the excise tax on cigarettes to fund research on lung cancer treatment programs, this would be an example of

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If the given profit-maximizing monopolist is able to price discriminate, charging each customer the price associated with each given level of output, how many units will the firm produce?



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Economics