A country can produce 400,000 machine parts per week and produce 600,000 board feet of lumber. If the country could also produce 300,000 machine parts and 750,000 board feet of lumber per week then the average opportunity cost of 1 board foot of lumber is
If the public expects a corporation to lose $5 per share this quarter and it actually loses $4, which is still the largest loss in the history of the company, illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced?