How much is the interest rate on a bond that has a face value of $1,000, a selling price of $800, and pays $80 interest?
What will be an ideal response?
10%
You might also like to view...
The slopes of the production possibilities curves for two nations reflect the
A. relative prices of the resources in the two nations. B. average income levels in the two nations. C. opportunity costs of production in the two nations. D. amounts of imports and exports of the two nations.
In the game in Scenario 13.14,
A) R's dominant strategy is Q = 100; C has none. B) C's dominant strategy is Q = 100; R has none. C) Q = 100 is a dominant strategy for both R and C. D) Q = 100 dominates Q = 150 for both firms. E) the dominant strategy for both players is to choose the same level of output, so long as it is not 150.
What is the effect of a reduction in the price of steel on the equilibrium price and quantity of automobiles?
a. Both equilibrium price and equilibrium quantity rise. b. Both equilibrium price and equilibrium quantity fall. c. Equilibrium price rises and equilibrium quantity falls. d. Equilibrium price falls and equilibrium quantity rises. e. Both equilibrium price and equilibrium quantity remain unchanged.
Which of the following is true of a perfectly competitive market in the long run, given the unchanging costs of production? a. The average total cost remains constant
b. The market price increases exponentially. c. The marginal cost curve is perfectly elastic. d. The supply curve is perfectly elastic.