This graph illustrates the marginal costs and marginal benefits of acquiring information before making a major purchase.
If the original curves are MB0 and MC0, the optimal quantity of information about this product is:
A. I3.
B. I2.
C. I4.
D. I1.
Answer: D
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Refer to the table above. If Tom has a taxable income of $62,000, he faces a marginal tax rate of ________
A) 10% B) 15% C) 20% D) 30%
Under a cost plus fixed fee contract the contractor cannot make a loss
a. True b. False
The class of linear conditionally unbiased estimators consists of
A) all estimators of ?1 that are linear functions of Y1,…, Yn and that are unbiased, conditional on X1,…, Xn . B) OLS, WLS, and TSLS. C) those estimators that are asymptotically normally distributed. D) all estimators of ?1 that are linear functions of X1,…, Xn and that are unbiased, conditional on X1,…, Xn.
What does the unemployment rate represent?
(A) The percentage of the total population that is not employed. (B) The total number of people who are unable to find work. (C) The total number of people who are not employed. (D) The percentage of the total labor force that is unemployed.