Which of the following describes human capital?
a. Education of workers
b. Marginal productivity of workers
c. Risk appetite of workers
d. Gender and age of workers
a
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Suppose a lottery ticket costs $1 and the probability that a holder will win nothing is 99.9%. What must the jackpot be for this to be a fair bet?
a. 10 b. 100 c. 1,000 d. 10,000
If the measured elasticity of supply coefficient equals 1.3, then supply is: a. perfectly elastic. b. elastic
c. unit elastic. d. inelastic.
Bob's Burgers is well-known for introducing new types of burgers every month. However, after a year, it was seen that the cost of changing the price tags and food menu every month was greater than the profit earned. In order to minimize the cost, Bob's Burgers digitized its menu. The cost experienced by Bob's Burgers exemplifies _____
a. sunk costs b. opportunity costs c. menu costs d. variable costs
Other things the same, as the number of stocks in a portfolio rises,
a. risk increases and the standard deviation of the return rises. b. risk increases and the standard deviation of the return falls. c. risk decreases and the standard deviation of the return rises. d. risk decreases and the standard deviation of the return falls.