What is the net present value of the investment?
a. $115.85
b. $1055.59
c. $1076.56
d. $346.78
a
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Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$8$228438648858106814What is the value of producer surplus in the table above?
A. $6 B. $12 C. $44 D. $54
The new laws associated with health care reform dictate that 60-year-old patients cannot be charged more than ____ times as 25-year-old patients
a. three b. five c. seven d. ten
The role of prices in a market economy is to
a. make producers rich at the expense of consumers b. replicate what society produced in the past c. determine the allocation of resources d. enforce what the government chooses e. force consumers to pay for business profits
Which of the following is not correct?
a. Antitrust laws may prevent mergers that would actually raise social welfare. b. Public ownership is the most common public policy toward monopolies in the United States. c. Regulation is a common strategy for a natural monopoly. d. Sometimes the best public policy toward a monopoly may be to do nothing.