At which interest rate is the present value of $145.80 two years from today equal to $125 today?
a. 2 percent
b. 4 percent
c. 6 percent
d. 8 percent
d
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Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. In the long run, Globe could I. make a positive economic profit. II. make zero economic profit. III. incur an economic loss
A) Only I B) Only II C) I, II, and III D) Only I and II
Taxes impact incentives to use resources since they distort relative prices
Indicate whether the statement is true or false
One very important feature of a monopoly is the size of the firm
Indicate whether the statement is true or false
Of the following groups, who gains from rent controls?
A) landlords B) construction workers and their union leaders C) poor people who have a hard time earning enough income to pay high rents D) high-income people who live in rent-controlled apartments