A firm uses 10 acres of land and pays $2,000 rent for each acre. If the 10th acre has an MRP of $3,000, then the firm is using ________ acres of land.
Fill in the blank(s) with the appropriate word(s).
too few
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Sydney purchases a newly issued, two-year government bond with a principal amount of $10,000 and a coupon rate of 6% paid annually. One year before the bonds matures (and after receiving the coupon payment for the first year), Sydney sells the bond in the bond market. What price (rounded to the nearest dollar) will Sydney receive for his bond if newly issued one-year government bonds are paying a 5% coupon rate?
A. $10,600 B. $10,000 C. $9,906 D. $10,095
Inventories help manufacturers cope with unexpected changes in the supply of their resources or in the demand for their products
a. True b. False Indicate whether the statement is true or false
One of the strongest arguments against active stabilization policy is
a. that recognition lags make timely intervention very difficult. b. the economy corrects itself very slowly. c. the inability of economic theory to suggest appropriate policy. d. the difficulty of obtaining agreement on monetary policy.
The willingness to pay of buyers' in a market:
A. explains why the demand curve is bowed-out. B. is represented by the supply curve. C. explains why the demand curve is bowed-in. D. is represented by the demand curve.