Which of the following is most likely to have increasing opportunity costs?
A) a riding lawnmower
B) an office building in Tokyo
C) a large copy machine
D) a pizza oven
B
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When we use the midpoint method to compute the price elasticity of demand we use
A) the original quantity and the average price. B) the original price and the average quantity. C) the average price and the average quantity. D) either the original or new price, and the average quantity. E) the average price and the original quantity.
The consumer price index was 225 in 2008 and 232.2 in 2009 . The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?
a. 1.6 percent b. 3.3 percent c. 5.1 percent d. 7.4 percent
The average outcome from an uncertain gamble is the _______________
Fill in the blank(s) with the appropriate word(s).
Consider a call option; in terms of the option writer and option holder, who is the buyer? Who is the seller? Finally, who has the option? Explain.
What will be an ideal response?