It is possible for a firm to enjoy a short-run producer surplus, while at the same time suffering a short-run economic loss

From uncovered interest parity, we know that when the domestic currency is expected to depreciate, the domestic interest rate should be

A) greater than the foreign interest rate B) greater than the foreign return C) less than the foreign interest rate D) less than the foriegn return

Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. What combinations of customers can Anna expect?

a. High value, high value b. High value, low value c. Low value, low value d. All of the above