In the table above, Y is measured along the y-axis and X along the x-axis. The slope between points e and f is
A) -25.
B) 4.
C) 0.25.
D) -0.25.
D
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An indifference curve is a line that shows combinations of goods among which a consumer
A) needs equally. B) does not care which combination he or she receives. C) can afford. D) has readily available.
In dollar terms the most important of all forms of property and casualty insurance is
A) automobile liability insurance. B) home owners insurance. C) medical malpractice insurance. D) fire insurance.
A manager is considering investing in a new piece of equipment. The equipment cost $50,000 and the manager will finance the full amount of the cost over three years at an interest rate of 4 percent. In the third year, the manager will repay the entire principal of the loan plus the year's annual interest, after making interest-only payments for the first two years. The equipment will generate
$30,000 in future operating profit each of the three years and has a salvage value of zero at the end of the three years. The tax rate on the firm's profit is 8 percent each year. What is the net present value of the investment? A) $27,036 B) $20,589 C) $32,598 D) $35,852
If demand rises and supply rises, equilibrium price will _____ and equilibrium quantity will _____.
Fill in the blank(s) with the appropriate word(s).