Refer to Figure 13-3. What is the marginal revenue of the sixth unit of output?

A) $4 B) $5 C) $9 D) $54


A

Economics

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A consumer will maximize utility, given income and prices, when the marginal rate of substitution is equal to the ratio of the prices of the two goods

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If there is zero search cost, then in the presence of asymmetric information, competitive firms will

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Refer to the given information. If the price of this bond increases to $1,250, the interest rate will:

Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10 percent. A. fall to 9 percent. B. fall to 8 percent. C. rise to 11 percent. D. rise to 12 percent.

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