Refer to the scenario above. If the investor plans to invest a sum of $4,000, the net present value of Option B is:
A) -$1,536.34.
B) -$2,322.12.
C) $157.46.
D) $1,800.79.
C
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If total consumer expenditures (in dollars) for bus transportation were to increase when the price of bus transportation was raised, the demand for bus transportation probably
A) had decreased. B) had increased. C) violated the law of demand. D) was elastic. E) was inelastic.
The above figure shows the market for steel ingots. If the market is competitive, then the competitive market level of output is
A) 100 units. B) 150 units. C) 50 units. D) 300 units.
A perfectly competitive firm is a price taker. Therefore, it faces a
a. perfectly elastic supply curve for its output b. perfectly elastic demand curve for its output c. perfectly inelastic supply curve for its output d. perfectly inelastic demand curve for its output e. unit-elastic demand curve for its output
Most economists feel that overly strict financial regulation from 2000 to 2006 contributed to the financial crisis of 2007-2009
a. True b. False Indicate whether the statement is true or false