If the interest rate is 10% then the net present value of these cash flows is
a. $1041.32
b. $541.32
c. $1090.91
d. $590.91
b
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Other things constant, a decrease in consumer income will do which of the following?
a. Cause a movement along the demand curve for large-screen television sets, but it will not shift the demand curve. b. Decrease the demand for large-screen television sets. c. Increase the demand for large-screen television sets. d. Have no impact on the quantity demanded or the demand curve for large-screen television sets.
If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be TRUE at that level of output?
A) p = MC B) MR = MC C) p ? AVC D) All of the above.
The number of units of one good that trade for one unit of alternative goods can be determined most easily when
A. the goods all weigh about the same. B. the goods are actively traded through barter. C. the goods are all new. D. there is one unit of account.
Refer to the information provided in Figure 29.2 below to answer the question(s) that follow.
Figure 29.2Refer to Figure 29.2. If the economy is currently at Point B and policy makers implement a policy which shifts the aggregate demand curve to AD1, the time the economy needs to make the adjustment is known as the
A. implementation lag. B. recognition lag. C. frictional lag. D. response lag.