The procedure of determining the present value of payments to be received in the future is known as
a. compounding
b. amortizing
c. perpetuating
d. nominalizing
e. discounting
E
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Which of the following is an example of price discrimination?
a. An online bookstore charges more for overnight shipping than standard shipping when customers buy books from it. b. Airline tickets are more expensive for first-class seats than for coach. c. Hotel rates for AAA members are lower than for nonmembers. d. All of the above are correct.
Along a curved line, the slope at the maximum
A) is greater than zero.
B) is zero.
C) is less than zero.
D) may be greater than, less than, or equal to zero.
If a monopolist is producing at an output rate at which P = ATC, then
A. it is minimizing its losses. B. its economic profit will be zero. C. its economic profit will be positive. D. it is maximizing its profits.
Refer to the figure. If the Federal funds market is at equilibrium at point B and the Federal Reserve decides to change the rate by a percentage point in order to reduce the chances of the economy going into recession, the supply of funds curve will have to shift to:
A. Sf1
B. Sf2
C. Sf3
D. Sf4