If each of us relied exclusively on the market to determine what to buy, we would probably end up with few, if any
a. streetlights
b. strawberries
c. CDs
d. raincoats
e. televisions
A
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If a financial institution has 50% of its portfolio in a bond with a five-year duration and 50% of its portfolio in a bond with a seven-year duration, what is the duration of the portfolio?
A) 12 years B) 7 years C) 6 years D) 5 years
Which of the following changes to the market in the graph shown could cause the price floor to become non-binding?
A. Demand could decrease, and shift to the left.
B. Supply could increase, and shift to the left.
C. Supply could increase, and shift to the right.
D. Supply could decrease, and shift to the left.
If input prices increase, the supply curve for cheese will shift to the right
a. True b. False Indicate whether the statement is true or false
Average total cost is very high when a small amount of output is produced because
a. average variable cost is high. b. average fixed cost is high. c. marginal cost is high. d. marginal product is high.