A consultant predicts that there is a 25% chance of earning $500,000 and a 75% chance of earning $100,000. The expected profit is $200,000. What is the standard deviation?
What will be an ideal response?
$173,205
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As a result of the global financial crisis several of the large, free-standing investment banking firms chose to become bank holding companies. This means that they will now be regulated by
A) the Federal Reserve. B) the FDIC. C) the state banking authorities. D) the Treasury.
A decrease in the marginal product of labor would be represented by a(n):
A. increase in labor demand. B. decrease in labor demand. C. increase in the quantity demanded of labor. D. decrease in the quantity demanded of labor.
Refer to the graphs shown. Which of the graphs correctly depict the long-run Phillips curve?
A. A B. B C. C D. D
The contestable market model is the oligopoly model which results in
A. the greatest efficiency. B. the highest profits. C. the greatest inefficiency. D. the greatest deadweight loss.