Suppose Matt's New Cars issues a bond in which they'll need to pay $10,000 in one year, which includes 4% interest. How much will they receive for the bond?
A) $9,600
B) $9,615
C) $10,000
D) $10,400
B
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Output prices are irrelevant for a firm as it is calculating its cost curves.
Answer the following statement true (T) or false (F)
According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
This table shows the price-level adjustment as compared to the United States.
A. $30,303
B. $35,000
C. $20,030
D. $15,000
A supply curve;
(a) Can have either an upward or downward slope depending on whether individuals or firms are considered. (b) Is always upwards sloping because as price increases, more is supplied. (c) Slopes downwards because firms can sell more products when prices fall. (d) Slopes downwards because as greater quantities are produced, average cost of production will fall.
Scarcity:
A. exists because resources are unlimited while human wants are limited. B. means we are unable to have as much as we would like to have. C. will likely be eliminated as technology continues to expand. D. is not an issue addressed in economics.