The present discounted value of a future payment becomes smaller when
A) the nominal interest rate decreases.
B) the payment is made sooner rather than later.
C) the payment itself decreases.
D) all of the above
E) none of the above
C
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If Abigail can make more candles in one day than Pierre, then Abigail has an absolute advantage in making candles
Indicate whether the statement is true or false
Among non-Hispanic whites, blacks, and Hispanics, the group with the highest poverty rate is ______.
Fill in the blank(s) with the appropriate word(s).
If the U.S. exchange rate rises, the price to foreigners of U.S.-produced goods and services ________ and the quantity of U.S. dollars demanded ________
A) rises; decreases B) rises; increases C) falls; decreases D) falls; increases
Martha's Cleaning Services is a perfectly competitive firm that currently cleans 30 offices a week and charges $20 per office, which is the going market price. Martha's marginal cost is $15
What should Martha do to increase her economic profit? Clean more offices? Raise her price? Explain your answer.