In the above, a marginal revenue curve for a perfectly competitive firm is shown in Figure ________
A) W
B) X
C) Y
D) Z
E) X and Figure Z
D
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The PDV of a perpetuity with a yearly payment of $500 at an interest rate of 5% is
A) $100. B) $5,000. C) $25,000. D) $10,000. E) $100,000.
A manager is considering investing in a new piece of equipment. The equipment cost $50,000 and the manager will finance the full amount of the cost over three years at an interest rate of 4 percent. In the third year, the manager will repay the entire principal of the loan plus the year's annual interest, after making interest-only payments for the first two years. The equipment will generate
$30,000 in future operating profit each of the three years and has a salvage value of zero at the end of the three years. The tax rate on the firm's profit is 8 percent each year. What is the net present value of the investment? A) $27,036 B) $20,589 C) $32,598 D) $35,852
Gross domestic product (GDP) is a satisfactory measure of both economic "goods" and "bads"
a. True b. False Indicate whether the statement is true or false
Ancillary tools available to the Fed besides the big three policy options include
a. the discount rate and moral suasion b. margin requirements and moral suasion c. margin requirements and reserve requirements d. the federal funds rate and the discount rate e. open market operations and bracket creep