Oxygen is one of the most powerful of all oxidizing agents (super electronegative).

Consider the following information about a business, Erika’s, that opened last year: price = $10, quantity sold = 4; implicit cost = $20; explicit cost = $10. What was Erika’s economic profit last year?

Refer to the table. Suppose that you have done some work for a neighbor and the neighbor offers you two payment options, A and B. The expected payoff for option B is: Option Payoff A Guaranteed payment $50 B A coin is tossed, payment made if heads comes up $100

Figure A Figure B Figure C Figure D Figure E The ______________ provides a graphical representation of unit elastic demand curve, which the percentage change in quantity demanded equals the percentage change in price

Formula Sheet   HPR = (PS – PB+CF)/PB APR = HPR x 365/t where t=# of days held 1 + EAR = (1 + HPR)n where n is periods per year (or 365/t) 1 + EAR = eAPR rcc = ln(1 + EAR) Arithmetic average = HPRavg =

Figure A Figure B Figure C Figure D Figure E The ______________ provides a graphical representation of  perfectly elastic demand curve, which the percentage change in quantity demanded equals the percentage change in price

We cannot tell whether an additional dollar of income is worth more to a poor person or a rich person, because we do not know those individuals’ preferences with any degree of accuracy. (True/False)

An investor chooses to invest 85% of her wealth in a risky asset P with an expected rate of return of 18% and a standard deviation of 26%, and she puts 15% in a riskless Treasury bill that pays 3%. Let C denote this complete portfolio.   (a) Compute the expected rate of return and standard deviation of portfolio C. (6 points) (b) Draw the Capital Allocation Line (CAL) for this investor. Clearly label the points corresponding to the T-bill, asset P and portfolio C. (5 points) (c) What is the slope of the Capital Allocation Line (CAL)?  What does this slope represent? (5 points) (d) How low would the risk aversion of an investor need to be for them to allocate more than 100% of their wealth to P?  Find the risk aversion level of the investor given her complete portfolio decision above. (5 points)

Please, match the following descriptions with the correct economic concept (Long Run or Short Run)    

Elasticity provides a technique for estimating the response of one variable to changes in some other variable and has numerous applications in economics. Cross elasticity of demand measures _____________________________________