The value of a real option varies with all of the following, EXCEPT:
a. the range of outcomes.
b. the rate of interest.
c. the rate of unemployment.
d. the delay in resolving uncertainty.
C
Economics
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If a tax on gasoline is appropriately set, the congestion externality on roads can be fully internalized -- resulting in the efficient level of congestion on roads.
Answer the following statement true (T) or false (F)
Economics
The demand for science fiction novels is elastic. When prices decrease from $10 to $6.50 per novel, total revenue will
a. not change. b. decrease. c. increase. d. either increase or stay the same.
Economics