The price (P) of a consol offering an annual coupon payment (C) is best expressed by:
A. C/i
B. C/(1+ i)
C. C(1 + i)
D. F/C
Answer: A
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When people say, "government officials act on the basis of the property rights which they perceive," they mean
A) government officials are inherently conservative. B) government officials do not have to be concerned about information being scarce. C) government officials make decisions based on the expected consequences to themselves. D) government officials will ordinarily not confiscate property without due process of law.
Suppose the demand in a certain duopoly market with homogenous goods is Qd = 8,000 - 100P. The two firms in the market are firm V and firm W, and the marginal cost of producing the goods in question is equal to $25. Which of the following describes the Nash equilibrium in this market?
A. QV + QW = 2,750 B. One of the firms produces 5,500 units of output, and one of the firms does not produce. C. QV = QW = 5,500 D. QV = QW = 2,750
Of the following resources used to supply sidewalk food in New York City, which is the most expensive?
a. capital b. land c. entrepreneurial ability d. labor e. food
The demand for money is a downward sloping line that depicts the relationship between the price level and the opportunity cost of holding money
a. True b. False Indicate whether the statement is true or false