The indifference principle states that
a. If an asset is mobile, then in the long run, it will be indifferent about where it is used
b. In the long run, a mobile asset will make the same profit, no matter where it goes
c. If an asset is mobile, then in the long run, it would stay with the first user
d. Only A&B
d
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The long-run equilibrium for a monopolistically competitive firm occurs ________
A) at the minimum point of the marginal cost curve B) at the minimum point of the average cost curve C) along the downward sloping portion of its average total cost curve D) along the upward sloping portion of its average total cost curve
In most of the financial crises of the last decade, there were large and sudden financial outflows as both home and foreign investors tried to avoid the expected crises
Indicate whether the statement is true or false
What is one reason a gambler might bet $1,000 that a team that is ranked sixteenth will win the NCAA basketball tournament?
A) irrationality B) overconfidence C) exuberance D) gambler's fallacy
If the MPC is 0.8, then the MPS is
A) 0.2. B) 1. C) 5. D) 8.