The individual with the highest valuation of the good will win in which of the following auctions?
A) English Auction
B) Dutch Auction
C) Sealed Bid Auction
D) All of the above.
D
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Risk aversion implies that
A) individuals will not take on risk. B) investors must be compensated for about half of the risk they take on. C) investors must be compensated for the risk they take on. D) None of the above.
Eli is headed to his job harvesting grapes at a local vineyard. He earns $8 every hour he works there. His friend calls him and asks him to go mountain biking for the next 2 hours instead. Eli cannot decide between the two activities. His indecision implies he values riding his mountain bike for two hours:
A. more than $16. B. less than $16. C. at exactly $16. D. at no more than $8.
Assume that corn and soybeans are alternatives that could be grown by most farmers, An increase in the price of corn will
What will be an ideal response?
The normal rate of return on capital is also known as the
A) fixed cost of capital. B) depreciation cost of capital. C) opportunity cost of capital. D) monopoly rent.