The President counts among his economic advisors the Congressional Budget Office
a. True
b. False
Indicate whether the statement is true or false
False
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Opportunity cost is a theoretical concept with no practical application.
Answer the following statement true (T) or false (F)
Referring to Table 4.2, Box J should be filled with
A. $0. B. $9.00. C. $5.67. D. $17.
In the above figure, if the firm increases its output from Q2 to Q3, it will
A) reduce its marginal revenue. B) increase its marginal revenue. C) decrease its profit. D) increase its profit.
Which of the following is true of an option?
a. It is based on market volatility and thus assures a high profit to risk preferring individuals. b. It provides the holder the right (but does not obliges him/her) to buy or sell a certain quantity of an underlying asset before its expiration. c. The greater the volatility of the underlier's price the less likely that the option will go "in the money" before it expires. d. Options help individuals to minimize their business risks by transferring it to others for a fixed time interval.