When costs occur in the future, the ________ the costs occurs, the ________ it is discounted and the ________ negative effect it has on the net present value.
A) sooner; less; larger ;
B) later; more; smaller
C) sooner; more; smaller
D) later; more; larger
B) later; more; smaller
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In an hour Jane can solder 50 connections or inspect 20 parts while Jim can solder 25 connections or inspect 20 parts in an hour
A) Jane has a comparative advantage over Jim in both soldering and inspecting. B) Jane has a comparative advantage over Jim in soldering while Jim has a comparative advantage in inspecting. C) Jim has a comparative advantage over Jane in soldering while Jane has a comparative advantage in inspecting. D) Jim had a comparative advantage over Jane in both soldering and inspecting.
Which of the following statements about the Fed is not true?
a. All nationally chartered banks must be members. b. It controls the money supply. c. It issues Federal Reserve Notes. d. It serves as the bankers' bank for member banks. e. All state-chartered banks must be members.
Explain how mutual funds are advantageous to small investors
When a monopolistically competitive firm is in long-run equilibrium,
a. marginal revenue is equal to marginal cost. b. average total cost is minimized. c. marginal revenue is tangent to average total cost. d. All of the above are correct.