A test was scheduled for Monday morning, but you went to a party on Saturday night. If you hadn't attended the party, you could have studied for the test or gone to a movie. Which of the following is true?
a. The opportunity cost of going to the movie is studying for the test.
b. The opportunity cost of going to the party is the movie.
c. The opportunity cost of going to the party is both the movie and the study time.
d. Because you could go to the party only that night but could go to a movie any time, the opportunity cost of the party is the study time.
e. From the above information, it's not possible to determine the opportunity cost of attending the party.
E
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Answer the following statement(s) true (T) or false (F)
1. The Stackelberg equilibrium of a sequential game must also be a Nash equilibrium. 2. In a sequential game, guaranteed commitment to a strategy will make a player worse off. 3. A merger between Gateway, a manufacturer of computers, and Logitech, a manufacturer of components for computers, would be an example of horizontal integration. 4. The Sherman Act of 1890 and the Clayton Act of 1914 gave courts the power to prevent mergers that reduce competition and provided clear criteria to apply in determining when a merger would do so. 5. Social welfare consequences are ambiguous when two or more manufacturers merge to take advantage of economies of scale.
If the Japanese central bank sells yen and buys U.S. dollars, the U.S. dollar will appreciate
Indicate whether the statement is true or false
If you put $250 into an account with a 4 percent interest rate, how many years would you have to wait to have $432.92?
a. 10 b. 14 c. 17 d. 20
If the nominal interest rate is 20% per year, how much money can an individual borrow today if she wants to repay $100 in one year?
A) $80.00 B) $83.33 C) $120.00 D) $78.00 E) $121.00