Suppose you put $350 into a bank account today. Interest is paid annually and the annual interest rate is 6 percent. The future value of the $350 after 4 years is

Indifference curves close to the origin are ________ those farther from the origin because of ________

A) better than; transitivity B) worse than; nonsatiation C) better than; completeness D) worse than; transitivity

As a result of legislation to establish a floor price for milk, most dairy farmers will

a. end up earning a normal rate of return in the long run b. end up earning a zero rate of return in the long run c. end up earning a negative rate of return in the long run d. benefit from the increased cost of specialized resources used in dairy farming e. suffer if they own specialized resources at the time the legislation is passed