A firm that wished to calculate the present value of its future nominal profits should use the ____ to do so
a. real interest rate
b. nominal interest rate
c. nominal interest rate minus the expected inflation rate
d. real interest rate minus the expected inflation rate
b
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Refer to Figure 15-17. The dean of the college argues: "I think the course should be priced to maximize the profit the college earns, so these funds can be used to pay some other expenses " How much profit (or loss) will the college make on the course if it charges this price?
A) -$2,592,000 B) -$1,080,000 C) $0 D) $450,000
Variable costs are
a. costs that vary with output b. equal marginal costs c. not considered in decision-making d. equal to total costs
Which of the following directs the buying and selling of U.S. government securities?
A. Board of Governors B. Federal Reserve Banks C. Federal Open Market Committee D. Federal Advisory Council
If a firm's profit is $0, then it must be true that
A. TFC is zero. B. TR equals TFC. C. TR equals TVC. D. TR equals TC.