Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $8; Kyle's cost per ton is $12. Refer to the information given. If the market
price of sockeye salmon is $15 per ton, what is the minimum amount per ton that Kara would have to offer Kyle to convince him to sell Kara his ITQs?
A. $3.
B. $4.
C. $5.
D. $7.
Answer: A
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Which of the following is not a consequence of the Fed changing the reserve requirement?
A) Changes in the ratio are easily incorporated into banks' routine management. B) Changes in the ratio effectively places a tax on banks' deposit taking and lending activities. C) Decreasing the ratio will increase excess reserves. D) Increasing the ratio will decrease the amount of reserves banks have to loan.
The nominal rate of interest is equal to the real interest rate plus the inflation rate
a. True b. False Indicate whether the statement is true or false
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated total variable cost (TVC)?
A. $1,348 B. $171.40 C. $463.20 D. $2,348
Risk in finance means:
A. Mostly positive outcomes B. Mostly negative outcomes C. Either positive or negative outcomes D. The same thing as risk in health science