For this question, assume that the interest rate is greater than 0. Given this information and the information about the payments provided below, rank the following three sequences of payments according to their present value "A" "B" "C" 2005 $190 $200 $210 2006 $200 $200 $200 2007 $210 $200 $190

A) A > B > C
B) A > C > B
C) C > B > A
D) C > A > B
E) B > A > C


C

Economics

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George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000 . If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year

a. 10,000 customers b. 20,000 customers c. 30,000 customers d. 40,000 customers e. 50,000 customers

Economics

Evidence indicates that the average economic profits of invention are

a. well above zero. b. slightly above zero. c. equal to zero. d. less than zero.

Economics

The real GDP data could be properly thought of as

a. an index of our economic well-being. b. a measure of the total wealth of a nation. c. an index of total output or productive activity. d. an index that measures the size of government.

Economics

Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

Economics