Author Question: The primary difference between an American and European option is: A) American options must be ... (Read 103 times)

Shelles · **on:** Jun 30, 2018

The primary difference between an American and European option is:

A) American options must be exercised on the expiration date
B) European options must be exercised on the expiration date
C) American options may be exercised at any point up until the expiration date
D) European options may be exercised at any point up until the expiration date

Question 2

Constant returns to scale (CRS) implies that when the firm ________.

A) doubles all inputs, output more than doubles
B) doubles all inputs, output doubles
C) doubles all inputs, output increases by less than 100 percent
D) doubles all inputs, output remains constant
E) none of the above