Sports announcers often refer to a baseball batter in a hitting slump as "being due." If they are correct, then it must be the case that
A) a batter's hits are randomly distributed.
B) a batter's at-bats are related to each other.
C) a batter's at-bats are independent of each other.
D) baseball players are acting irrationally.
B
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What will be an ideal response?
Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry maximizes his economic surplus by attending:
A. NoName U because the annual cost is only $20,000. B. NoName U because he has a full scholarship there. C. State College. D. Elite U.
Cash inflows and outflows are netted in the investing activities section of the statement of cash flows in order to simplify the statement.
a. true b. false
A firm can sell 22 units at $20, but to sell 23 units, the price is cut to $19. The marginal revenue derived from selling the 23rd unit is
A. $9. B. $3. C. 0. D. -$3.