Suppose a firm receives $975 for a discount bond with a face value of $1000 to be repaid in one year. What is the amount of interest on the bond? What is the interest rate on the bond? Report a percentage with two decimal places
What will be an ideal response?
The amount of interest is $1000 - $975 or $25. the interest rate is $25/$975 which equals 2.56%.
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Which of the following groups was Jefferson most trying to help in setting up the Land Ordinances?
(a) His friends, the land speculators (b) The urban proletariat (c) The small farmers (d) Fellow slave owners
Total revenue is the amount:
A. a firm receives from the sale of goods and services. B. a firm keeps after all expenses are paid. C. of sales that get reinvested in the firm. D. a firm receives from dividends.
Higher rates of interest increase the opportunity cost of holding money balances
a. True b. False Indicate whether the statement is true or false
Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day. Jennifer figures that Applicant A will help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate?
A) Applicant B has a marginal product of 75 units. B) Applicant B has an average product of 77.5 units. C) Applicant A has a marginal product of 75 units. D) Applicant A has an average product of 87.5 units.