A loan used as an investment turns out to be profitable if the sale price of its output covers the _____ of all other inputs and interest on the funds loaned
a. internal costs
b. marginal cost
c. opportunity cost
d. average cost
C
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________ is a process of bundling together smaller loans (like mortgages) into standard debt securities
A) Securitization B) Origination C) Debt deflation D) Distribution
Evidence against market efficiency includes
A) failure of technical analysis to outperform the market. B) the random walk behavior of stock prices. C) the inability of mutual fund managers to consistently beat the market. D) the January effect.
Refer to Figure 5-16. What is the optimal quantity of street lights to install?
A) 3
B) 4
C) 6
D) 9
The marginal cost is the cost of ______.
a. inefficiency and waste while producing a good b. taxes levied on the production of a good c. producing all of the units of a good d. producing one more unit of a good.