The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from her 10th soda is
A) $0.00.
B) $0.50.
C) $1.00.
D) $1.50.
E) $2.50.
B
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A subgame perfect Nash equilibrium
A) can be solved by backward induction. B) is a set of strategies that are a Nash equilibrium in every subgame. C) is a stronger form of Nash equilibrium. D) All of the above are correct.
Options are less than perfect as instruments to induce better performance because:
a. they are most often backdated. b. they are independent of market volatility. c. more than 90 percent of options expire worthless. d. executives often take risky decisions to raise the value of their options.
Moral hazard occurs when an informed party benefits in an exchange by taking advantage of knowing more than the other party
a. True b. False Indicate whether the statement is true or false
The U.S. Congress instituted a system of deposit insurance for banks in:
A. 1913. B. 1789. C. 1865. D. 1934.