For a monopoly, the value of the next worker equals
A) MR ? MPL.
B) (price + the effect of increased output on price) ? MPL.
C) P(1 + 1/e) ? MPL
D) All of the above.
D
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Which of the following does not lessen intergovernmental competition?
a. direct intergovernmental grants b. direct regulations c. the decline in school districts d. decline in local tax receipts
The owner of a produce store found that when the price of a head of lettuce was raised from 50 cents to $1, the quantity sold per hour fell from 18 to 8. The arc elasticity of demand for lettuce is
A) -0.56. B) -1.15. C) -0.8. D) -1.57.
There is an inverse relationship between the price of an existing bond and its
A. Current yield. B. Par value. C. Liquidity yield. D. Risk yield.
The ________ the interest rate (discount rate) or the ________ the payment is to be received, the smaller the present value of a future payment will be
a. lower, nearer to b. lower, further into c. higher, nearer to d. higher, further into