Which of the following statements is/are correct?I.Depository institution managers undertake riskier actions than they otherwise would because of the existence of deposit insurance.II.Because of the existence of deposit insurance, depositors in savings and loans and other banks have little incentive to investigate the financial stability of these institutions.
A. I only
B. II only
C. both I and II
D. neither I nor II
Answer: C
Economics
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Average revenue is equal to
a. TR/Q. b. (P × Q)/P. c. TR × Q d. All of the above are correct.
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A situation in which there is a reduction in quantity supplied to zero when there is the slightest decrease in price is
A) perfectly elastic supply. B) perfectly elastic demand. C) perfectly inelastic supply. D) perfectly inelastic demand.
Economics