Paul goes to Sportsmart to buy a new tennis racquet. He is willing to pay $200 for a new racquet, but buys one on sale for $125. Paul's consumer surplus from the purchase is
A) $325. B) $200. C) $125. D) $75.
D
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You are thinking of buying a newly issued, 5-year bond that has a face value of $10,000 and offers no annual coupon payments. What is the most you should pay for this bond, if the interest rate is 5 percent (0.05) per year?
a. $5,000.00 b. $6,139.13 c. $7,835.26 d. $10,000.00 e. $43,294.77
Which of the following theories is not falsifiable or refutable?
A) Everything that has happened to Jane throughout her life happened to her specifically because she was born on June 23, 1993. B) People with blue eyes tend to be more sensitive to light than people with brown eyes. C) Women who are electrical engineers tend to have fewer children than women who are retail cashiers. D) People who watch more than six hours of television per day tend to weigh more than people who watch fewer hours of television daily. E) all of the above
What does NAFTA stand for?
A. North African Fair Trade Association B. North American Free Trade Agreement C. North Atlantic Flat Tax Association D. North Atlantic Favored Trade Association
In the short run, a firm may have accounting losses and remain in operation.
Answer the following statement true (T) or false (F)