In the short run, which factor is not relevant in profit-maximizing output decisions?
a. wage rates
b. raw material costs
c. mortgage costs
d. energy costs
e. market price
C
Economics
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What is the present value of $1,000 to be received 2 years in the future with an interest rate of 8 percent?
A) $857.34 B) $925.93 C) $1080.00 D) $1166.40
Economics
Along the inelastic portion of a demand curve,
a. the change in price will always be less than the change in quantity demanded. b. the percentage change in price will be less than the percentage change in quantity demanded. c. the change in price will always be more than the change in quantity demanded. d. the percentage change in price will be more than the percentage change in quantity demanded.
Economics