If the interest rate is 8 percent, then the present value of $1,000 to be received in 4 years is $735.03
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Fixed costs of entry create an advantage for potential entrants since incumbents have already made these expenditures while potential entrants can avoid these costs
Indicate whether the statement is true or false
Using above table, the market price of the textbook is
A. $40.00. B. $118.90. C. $32.00. D. $78.90.
The law of diminishing marginal utility implies it is possible that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant
a. True b. False
Consumer sovereignty implies that
a. producers determine what goods will be produced and consumers are free to choose from among them b. consumers choose the composition of our economy's output c. goods are produced on the basis of need d. the government directs the production of consumer goods in the economy e. a committee of consumers determines the key issues in the economy