The interest rate is 8 percent. The present value of $110 three years from now equals
A) $101.85.
B) $94.31.
C) $118.80.
D) $128.30.
B
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Which of the following is likely to happen if the government imposes a price control at $60, when the demand curve shifts to D2?
A) There will be a shortage of 15 units of the good in the market. B) There will be a surplus of 15 units of the good in the market. C) There will be a shortage of 10 units of the good in the market. D) There will be a surplus of 10 units of the good in the market.
At various times, the United States has undergone the painful process of reducing military spending. Military bases from the Carolinas to California pleaded to be spared, citing huge job losses if they close. How can one rationally decide which bases to shut down, given the necessity of jobs?
Consider the accompanying payoff matrix.
If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________.
A. 300; 300 B. 500; 10 C. 50; 50 D. 10; 500
Refer to Table 9-9. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada
Light Bulbs Flash Drives Mexico Canada