In a perfectly competitive market in which identical firms face the same horizontal marginal cost curve, if demand increases, then the amount of consumer surplus will

An aircraft company has signed a contract to sell a plane for $20 million. The firm buying the plane will pay for it in 5 annual payments (at year end) of $4 million

If the firm's cost of capital is 6%, what is the net present value of this payment?

John D. Rockefeller is most recognized for:

a. developing the oil industry. b. being an early promoter of the computer industry. c. lobbying the government for the abolition of slavery. d. inventing new technology to further the steel production process. e. being an initial supporter of minimum wage laws.