The ________ is calculated by multiplying the coupon rate times the par value of the bond
A) present value
B) face value
C) coupon payment
D) maturity payment
C
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The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the wage required to hire the profit maximizing number of workers?
A. $25,000 B. $50,000 C. $20,000 D. $15,000
A movement upward along the consumption function can be caused only by a(n)
a. increase in disposable income. b. decrease in disposable income. c. decrease in the price level. d. increase in the price level.
According to the permanent income hypothesis, which of the following should raise current consumption the most?
a) a lottery prize of $1,000 b) an unexpected year-end bonus of $1,000 c) a temporary tax cut of $1,000 d) an increase of $1,000 in annual salary e) an inheritance of $1,000
It is ______ to make utility comparisons between two different people.
a. rational b. complicated c. ethical d. impossible