The rate at which future money must be discounted is known as the
A. rate of inflation.
B. exposure rate.
C. discount rate.
D. time rate.
C. discount rate.
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Use the figure below to answer the following question:PriceQuantity Supplied$101089684726Over the $10 to $8 price range, the price elasticity of supply is
A. greater than 1. B. 1. C. less than 1. D. zero.
If real GDP per person was equal to $2,000 in 1900 and grew at a 1 percent annual rate, what would be the value of real GDP per person 100 years later?
A. $2,210 B. $4,000 C. $20,000 D. $5,410
Declining-block quantity discrimination makes sense if
A) buyers of smaller quantities are more price sensitive than buyers of larger quantities. B) buyers of smaller quantities are less price sensitive than buyers of larger quantities. C) demand for the good is perfectly elastic. D) the lower price for larger quantities encourages all consumers to purchase the larger quantity.
If demand for the product you make were to suddenly decline, you would expect the equilibrium price of the product to fall, which would lead to:
A. no change the VMP of each worker because product prices don't affect worker productivity. B. a decrease in the marginal productivity of each worker. C. an increase in the VMP of each worker. D. a decrease in the VMP of each worker.