If the firm were to produce 154.92 units of output,
a. efficient scale would be realized.
b. ATC would be at its minimum value
c. the firm would sustain a loss of more than $2.000
d. All of the above
Answer: d. All of the above
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The market price of an individual transferable quota is equal to the
A) marginal private benefit. B) marginal social benefit. C) marginal social benefit minus the marginal cost. D) marginal private benefit minus the marginal cost.
Which of the following refers to a relatively high correlation among the independent variables of a regression equation?
A) autocorrelation B) the identification problem C) statistically insignificant regression coefficients D) multicollinearity
A corporation with “plowback”
A. deliberately earns negative profit on some activities in order to get better tax treatment. B. buys back shares of its stock from shareholders. C. retains some of its earnings for investment. D. issues unsecured stock.
A payment of $105 next year can be more valuable than a payment of $100 now
a. True b. False