Speculators in the stock market
a. aggravate instability in the market.
b. create shortages of certain stocks.
c. smooth out fluctuations in the market.
d. reduce the profits of firms that issued the stock.
c
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When the price of an eBook is $15.00, the quantity demanded is 400 eBooks per day. When the price falls to $10.00, the quantity demanded increases to 700 . Given this information and using the midpoint method, we know that the demand for eBooks is
a. inelastic. b. elastic. c. unit elastic. d. perfectly inelastic.
What is the present value of $100 one-year from now at an interest rate of 6%?
A. $3 B. $97.09 C. $94.34 D. $107
There may be a different criterion used for the long run, but for the short run, a firm should shut down production if price is less than
a. ATC b. AR c. MC d. AVC e. AFC
The interest rate:
A. is the price of borrowing money for a specified period of time. B. is expressed as a percentage per dollar borrowed and per unit of time. C. determines the total amount that must be paid back on a loan. D. All of these are true.