The MRP = MFC maximization rule applies to capital just as it does to labor
Indicate whether the statement is true or false
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Figure 5-5 shows a consumer budget line for French fries and hamburgers. If the household has $20 to spend, the price of hamburgers is
A. $1. B. $2. C. $4. D. $2.50.
If the Chinese Yuan devalues against the US dollar, then
a. Both the US exporters and Chinese importers would benefit b. The US exporters would benefit while the Chinese importers would be hurt c. The US exporters would be hurt while the Chinese consumers would benefit d. Both the US exporters and Chinese importers would be hurt
Which statement is true?
A. Industry X has a Herfindahl-Hirschman Index of 2400.
B. Industry X has an H-H-I of 100.
C. Industry X has an H-H-I of 80.
D. Industry X has an H-H-I of 1,000.
If the interest rate is 8% and $1 will be paid to you in 3 years, what is the present value of that dollar (to the nearest tenth of a cent)?
What will be an ideal response?