The value of a financial instrument rises as:
A. the payments are made when the prospective investor needs them least.
B. the size of the payment promised decreases.
C. the promised payment is made sooner rather than later.
D. it is less likely the payment will be made.
Answer: C
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Refer to Figure 12-5. If the market price is $20, what is the firm's profit-maximizing output?
A) 750 units B) 1,100 units C) 1,350 units D) 1,800 units
The price elasticity of demand for Rosie's Roses fresh flowers the week of Valentine's Day is 1.40 and is 2.25 other days of the year. If Rosie's Roses faces a constant marginal cost of $2 per rose, what is the profit-maximizing peak-load price to charge the week of Valentine's Day?
A) $7.00 B) $9.50 C) $3.60 D) $5.60
The labor supply curve represents: a. the relationship between the wage rate and labor productivity
b. the tradeoff between labor and leisure. c. the relationship between the wage rate and the quantity supplied of labor. d. the tradeoff between labor and capital as alternative factors of production.
The federal poverty line is set at about three times the cost of providing ______.
a. a new car b. a nutritious diet c. an average house d. an acre of land