Market interest rates are determined solely by people's willingness to loan funds, that is, their rate of time preference
Indicate whether the statement is true or false
F
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To date, the longest prison sentence for violating the Sherman Act has been ________ years.
A) ten B) eight C) two D) five
A perfectly price discriminating monopolist's profit is ________ the profit of a monopolist who charges the same price to all of its customers.
A. sometimes less than and sometimes greater than. B. the same as C. higher than D. less than
Answer the question on the basis of the following information. Assume that if the interest rate that businesses must pay to borrow funds were 20 percent, it would be unprofitable for businesses to invest in new machinery and equipment, so investment
would be zero. But if the interest rate were 16 percent, businesses would find it profitable to invest $10 billion. If the interest rate were 12 percent, $20 billion would be invested. Assume that total investment continues to increase by $10 billion for each successive 4 percentage point decline in the interest rate. Refer to the information. Which of the following correctly expresses the indicated relationship as an equation? A. i = 20 - 4I. B. i = 20 - .4I. C. i = 24 - .4I. D. i = 20 - 10I.
Figure 5.4 shows a firm's marginal cost, average total cost, and average variable cost curves. At Q = 100, the total variable cost is:
A. $2,800. B. $4,000. C. $4,500. D. $6,300.