ECO204 Final Tutorial (2024-2025)
Flashcard
•
Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
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9 questions
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1.
FLASHCARD QUESTION
Front
What is the formula for Sharpe Ratio?
Back
Sharpe = RP/σ_p
2.
FLASHCARD QUESTION
Front
What is the formula for the MRS?
Back
MRS = -MU1/MU2
3.
FLASHCARD QUESTION
Front
Which condition guarantees optimal interior consumption for both goods in the Cobb-Douglas utility maximization?
Back
MRS = P1/P2
4.
FLASHCARD QUESTION
Front
What is a dominant strategy in Game Theory?
Back
Always the best choice, regardless of opponent's actions
5.
FLASHCARD QUESTION
Front
In Uncertainty, the Risk Discount is:
Back
= EV-CE
6.
FLASHCARD QUESTION
Front
The utility functions of risk-averse agents are:
Back
Strictly Concave
7.
FLASHCARD QUESTION
Front
The Envelope Theorem is commonly used to:
Back
Calculate MC/MUs directly
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