The goal of profit-maximizing extraction firms such as an oil company or a mining company is to extract resources:
A. As fast as possible
B. As slowly as possible
C. When the user costs are rising
D. For the greatest stream of profit over time
D. For the greatest stream of profit over time
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Expansionary fiscal policy includes
A) increasing taxes and increasing government purchases. B) lowering interest rates, decreasing taxes and increasing transfer payments. C) decreasing taxes and increasing government expenditures. D) lowering the interest rates, decreasing taxes and decreasing government spending.
Using Scenario 2 what would be the number of points that the testing company would have to award to make students indifferent between guessing and not guessing even when the student has eliminated three of the answers if it still wishes to impose a
five point penalty for guessing incorrectly. Would this be any different than awarding one point for correct answers and zero points for wrong answers?