MSc Economics
- Created by: PMD218
- Created on: 20-12-19 20:31
Other questions in this quiz
2. What is a non-recourse loan?
- A loan which involves only the collateral/security involved in that specific project
- A loan which involves the collateral/security of any wider project
- A loan which is irredeemable
- A loan which is of lower risk
3. Productive Efficiency of a firm is attained when
- Lowest level of average costs are achieved
- Highest level of average costs are achieved
- Marginal costs are highest
- A firm is undergoing diseconomies of scale
4. If a lender obtains a charge on the tenants of a property this is called?
- Freehold payment
- Ground rent
- Rent charge
- Leasehold payment
5. As output increases
- Marginal costs are unaffected
- Average costs are unaffected
- Average costs decrease
- Average costs increase
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