What is the standard deviation of the payoff from an investment that yields $1,000,000 with a probability of 0.001 and $0 with a probability of 0.999?
A. $998,001,000
B. $999,000
C. $316.07
D. $31,606.96
D. $31,606.96
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The marginal cost of an activity ________ as you do more of it
A) increases B) decreases C) doesn't change D) changes only if the marginal benefit of the activity does not change E) changes only if the marginal benefit of the activity changes
The Fed's policy actions of reacting to higher inflation by raising the real interest rate during 2004-2006 were
A) upward movements along the monetary policy curve. B) downward movement along the monetary policy curve. C) upward shifts of the monetary policy curve. D) downward shifts of the monetary policy curve.
Suppose that the total fixed cost of producing five sailboats is $4,000 . total variable cost is $4,000 . and the total cost of producing six sailboats is $10,000 . The marginal cost of the sixth sailboat is:
a. $2,000. b. $4,000. c. $8,000. d. $10,000. e. $6,000.
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.