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Author Question: When free entry is one of the attributes of a market structure, economic profits are: a. generally ... (Read 27 times)

joesmith1212

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on: Jun 30, 2018
When free entry is one of the attributes of a market structure, economic profits are:
 a. generally driven to zero in long-run equilibrium.
  b. generally negative for all firms.
 c. generally zero in the short run.
 d. always positive.

Question 2

Assume a U.S. investor buys a Mexican bond with a face value of MXP 1,000 and a 20 percent annual interest yield while the exchange rate is MXP 10 per dollar. What is the dollar return from the bond if the exchange rate at the end of the year is MXP 11 per dollar?
 a. 9.1
  b. 10.0
  c. 18.2
  d. 20.0
  e. 32.0


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duy1981999

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


joesmith1212

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Excellent

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