Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006 . The consumer price index was 177 in 2001 and 266 in 2006 . Dewey's 2001 salary in 2006 dollars is
a. $37,711.86.
b. $49,906.02.
c. $66,750.00.
d. $112,711.86.
d
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If a firm produces 20 units of output and incurs a total cost of $1,000 and a variable cost is $700, calculate the firm's average fixed cost of production if it expands output to 25 units
A) $300 B) $15 C) $12 D) It is impossible to determine without additional information.
Refer to Figure 8.1. At the profit-maximizing level of output,
A) AVC is minimized. B) ATC is minimized. C) MC is minimized. D) total cost is minimized. E) no costs are minimized.
Bank regulation exists because public authorities are convinced that
A. the balance between public interest and safety does not affect profitability, and should be removed from the hands of managers. B. the balance between bank profitability and public interest cannot be handled with legislation, but can be handled with regulation. C. the balance between bank profitability and safety cannot be left to profit-maximizing managers. D. the balance between bank safety and public interest can best be obtained by reliance on the market.
Securitization is the:
a. Process of originating, bundling, packaging, and selling mortgage-backed securities to investors. b.The process of originating loans and making sure they are secure. c. The process of unbundling, storing, and then selling mortgages securities to investors. d. The process of underwriting loans with an "originate-to-hold" strategy. e. The process of underwriting loans with an "originate-to-distribute" strategy.