A new business computer will generate net income of $1,000 this year, $800 next year, $400 the year after that, and nothing thereafter. Assume that each year's income is received at the end of the year. What is the maximum amount a firm would be willing to pay for the computer?

In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, milkshakes are revealed to be

A) an inferior good. B) a normal good. C) less preferred than soft drinks. D) None of the above answers is correct.

________ would likely oppose policies that allowed foreign workers to immigrate more freely

A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital