Which, if any, of the present values below are correctly computed?
a. A payment of $1,000 to be received one year from today, with a 8 percent interest rate, has a present value of $945.45.
b. A payment of $1,000 to be received one year from today, with a 9 percent interest rate, has a present value of $911.11.
c. A payment of $1,000 to be received one year from today, with a 10 percent interest rate, has a present value of $905.06.
d. None of the above are correct to the nearest cent.
d
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The quantity of money demanded is positively related to the interest rate
Indicate whether the statement is true or false
The optimal size of a project is _____
a. the one that produces the highest net benefits b. the one that has the highest ratio of benefits to costs c. the one where the distance between marginal benefits and marginal costs is greatest d. a and c
In the long run, the typical firm in this market will produce a quantity equal to 
A. q3. B. q2. C. q1. D. Q1.
The low point of the Great Depression was reached in the year
A. 1929. B. 1931. C. 1933. D. 1935.