Ownership in a government bureau is transferable
Indicate whether the statement is true or false
false
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Refer to the table below. What is the present value of the entire stream of payments?
The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $1,000 is made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.
A) $9,800.14
B) $9,500.23
C) $9,886.70
D) $10,500.56
Demand and marginal revenue curves are downward-sloping for monopolistically competitive firms because
A. product differentiation allows each firm some degree of monopoly power. B. there are a few large firms in the industry and they each act as a monopolist. C. mutual interdependence among all firms in the industry leads to collusion. D. each firm must take the market price as given.
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this weekend if:
A. the extra benefits of seeing the movie are greater than the extra costs of seeing the movie. B. you can afford to go to the movies. C. the average benefit you get from going to the movies is greater than the average cost of a ticket. D. you really like Star Wars.
Which price ceiling will cause the greatest excess demand?
A. $1 B. $2 C. $3 D. $4