Over a 10-year period, the Consumer Price Index doubled. On the basis of this information we can say that the average annual rate of inflation over this period was approximately:
A. 5 percent.
B. 9 percent.
C. 10 percent.
D. 7 percent.
Answer: D
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A two-period project has the following probabilities and cash flows:
Probability Cash flow Period 1: .25 500 .50 600 .25 700 Period 2: .30 300 .50 500 .20 700 The discount rate is 7%, and the initial investment is $1,000. How much is the expected NPV of this project?
The argument that the minimum wage law has significantly increased teenage unemployment is not supported by recent statistical analysis.
Answer the following statement true (T) or false (F)
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What is the marginal cost of the 5th car wash each month?
A. $15 B. $12 C. $14 D. $4
For the short-run cost function AVC = a + bQ + cQ2,
A. the corresponding SMC function is SMC = aQ + 2bQ3 + 3cQ3. B. the AVC curve is ?-shaped when a > 0, b < 0, and c > 0. C. the AVC curve is ?-shaped when a < 0, b > 0, and c < 0. D. both a and c E. all of the above