Answer all questions below.

Which ofthe following is correct MM propostion in a world oftaxes is based on the assumption that corporate taxes are lower than personal taxes MM proposition in a world of taxes is based on the assumption that corporate taxes are equal to personal taxes When both corporate and personal taxes are considered. the value of the firm initially.I declines with de ht a n :21 then sta rts to increase. When both personal and corporate taxes are conside red.debt nancing no longer increases the value ofthe n'n When both personal and corporate taxes are considered. debt financing still increases rm value but to a lesser extent corn pared to when personal taxes are zero What market structures share the characteristic of many buyers and sellers? O perfect competition and monopolistic competition O Perfect competition is the only market structure with many buyers and sellers. O perfect competition and oligopoly O perfect competition and monopolyRussia witnessed a shift in its balance of trade to more of a deficit position. What can we attribute this to? (select the most complete answer below). Interest rates in Russia increased. The Russian Ruble appreciated in value leading to higher levels of Russian exports abroad leading to this shift in their balance of trade to more of a deficit position. O2 Interest rates in Russia.decreased. The Russian Ruble appreciated in value leading to higher levels of Russian exports abroad leading to a shift in their balance of trade to more of a deficit position. Interest rates in Russia decreased. The Russian Ruble depreciated in value leading to higher levels of Russian imports from abroad leading to a shift in their balance of trade to more of a deficit position. Interest rates in Russia increased. The Russian Ruble appreciated in value leading to higher levels of Russian imports from abroad leading 4. to a shift in their balance of trade to more of a deficit position.10. The First Fundamental Theorem of Welfare Economics states that: A) the competitive equilibrium, where supply equals demand, can always be achieved through government intervention. B) social efficiency can be achieved if and only if government intervenes in the economy. C) the competitive equilibrium, where supply equals demand, maximizes social efficiency. D) social efficiency cannot be achieved in any competitive equilibrium.1. For the two parts of this question, state the appropriate distribution to use and calculate the mean, variance and the probabilities indicated: In an intermediate level economics class there are 16 students. Nine of these are economics majors. For class discussion purposes ve students are randomly selected. The probability that exactly four of the students selected are economics majors =