What is the present value of $104.25 that you could receive one year from now, given that the rate of interest is 4.25 percent?
A. $4.25
B. $108.50
C. $100.00
D. $0.00
Answer: C
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The price of any productive resource is ____ related to ____ the final good or service:
a. inversely; demand for b. directly; demand for c. directly; supply of d. not; supply of
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A decrease in the marginal revenue product of land will: a. decrease the supply of land
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