Isabella is contemplating investing $10,000 in an investment. It is expected to yield $4,000 at the end of each of the next three years. The interest rate is 5 percent. What is the net present value of the expected revenues from the investment?
a. $8,426
b. $9,947
c. $10,893
d. $12,000
C
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In states where the government runs liquor stores, the monopoly results from
A) economies of scale. B) legal restrictions. C) control of an essential resource. D) patents. E) public fear.
Figure 4-23
Refer to . In which market will the majority of the tax burden fall on the buyer?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.
An ambientstandard
a. specifies a pollution limit and lets polluters choose the technology to achieve that limit b. designates the equipment or control method that must be used to abate pollution c. assures that the least-cost abatement approach will be used by all polluters d. none of the above
Which of the following will most likely cause an outward shift in the production possibilities curve?
a. a reduction in the man-made productive resources available to the economy as the result of a decline in investment b. an increase in government payments to farmers for taking land out of production c. an increase from 40 to 50 hours in the average number of hours worked per week d. None of the above would cause an outward shift in the production possibilities curve.