Factors of production are the resources people use to produce goods and services;
They are four categories: land, labor, capital, and entrepreneurship.
Based upon this deposit, the bank's excess reserves have increased by 90, and if the bank lends these excess reserves, the money supply could eventually grow by as much as an additional 900.
Answer:
E. Implies that security prices properly reflect information available to investors and that active traders will find it difficult to outperform a buy and hold strategy.
Explanation:
Efficient market hypothesis (EMH), is a hypothesis that states that share prices reflect all information and consistent alpha generation is impossible. This term is alternatively known as the efficient market theory.
According to the EMH, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices. Therefore, it should be impossible to outperform the overall market through expert stock selection or market timing, and the only way an investor can obtain higher returns is by purchasing riskier investments.
Answer:
a. charged any ticket price above $0 for the four remaining seats
Explanation:
Marginal cost refers to the extra expense incurred by a business in producing as an additional unit. For a business to be profitable, its marginal cost should be equal or greater than the marginal revenue.
The Get-There-Safe Bus company has a marginal cost of zero or an additional passenger. It means the cost associated with selling one more passenger ticket is zero. For the bus company to be profitable, it must sell an extra ticket at a price greater than the marginal cost. Therefore, a price greater than zero will result in profit.
