Which of the following statements about the principles of economics is false? OA. Five mobile operators...
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Which of the following statements about the principles of economics is false? OA. Five mobile operators selling mobile phones at the same price in a city is an example of equilibrium. B. An investor selecting and investing in a stock or a combination of stocks that always earns him 15% returns on his investment is an example of optimization. C. A chess player selecting his best moves to win the chess tournament is an example of optimization. D. Based on the sales of last three years, a shopkeeper infers that the higher the discount offered on goods the higher will be its demand. This is an example of empiricism. Which of the following statements about the principles of economics is false? OA. Five mobile operators selling mobile phones at the same price in a city is an example of equilibrium. B. An investor selecting and investing in a stock or a combination of stocks that always earns him 15% returns on his investment is an example of optimization. C. A chess player selecting his best moves to win the chess tournament is an example of optimization. D. Based on the sales of last three years, a shopkeeper infers that the higher the discount offered on goods the higher will be its demand. This is an example of empiricism.
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Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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