Refer to the scenario above. If the investor plans to invest a sum of $4,000, the net present value of Option A is:
A) -$1,535.89.
B) -$1,614.93.
C) $898.46.
D) $1,535.89.
B
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If the producer is at combination B as shown in Table 3-2, the opportunity cost of increasing corn production by 1 unit is
A. 29 units of cotton. B. 5 units of cotton. C. 12 units of cotton. D. 4 units of cotton. E. 1 unit of cotton.
Which of the following is NOT a part of the Federal Reserve System?
A) the Federal Deposit Insurance Corporation B) the Board of Governors C) the Twelve District Federal Reserve banks D) the Federal Open Market Committee
If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
a. Price would increase and quantity would decrease. b. Price would decrease and quantity would decrease. c. Price would increase and quantity would increase. d. Price would decrease and quantity would increase.
Comparing firms in perfectly competitive markets to monopoly firms, which produces more output?