Which of the following is NOT true for a perfectly competitive firm?
A. P = MR
B. P = AR
C. MR = TR
D. AR = MR
Answer: C
Economics
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If the MPC in the U.S. was low, it would increase the value of the multiplier
a. True b. False Indicate whether the statement is true or false
Economics
Assume we have a stock currently worth $50. We also assume the interest rate is zero, and we can buy options for this stock with a strike price of $50. If the stock can rise or fall by $10 with equal probability over the option period, and the option cannot be exercised until the expiration date, what is the time value of the option?
A. $5 B. $50 C. $40 D. $10
Economics