Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3.
B. -1.5.
C. -3.
D. -30.
Answer: B
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How is the cost of risk calculated when making a decision with an uncertain outcome?
What will be an ideal response?
Average revenue (AR) is equal to
a. total revenue/output. b. total revenue minus total cost. c. price per unit. d. both total revenue/output and price per unit.
A publicly traded firm has 2.5 million shares of stock outstanding, with a current share price of $30. The firm’s insurance agent estimates that the replacement cost of the firm’s plant and equipment (and related capital assets) is $70 million. Tobin’s q is
a) 0.84 b) 1.07 c) 1.20 d) 2.33 e) 2.80
Which of the following will shift the short-run industry supply curve of a perfectly competitive industry?
A. an increase in consumer income B. an increase in demand for the product C. an increase in the price of the product D. a decrease in the price of an input