You deposit $3,000 into an N–year certificate of deposit that pays 4.5 percent annual interest, and at the end of the N years you have $4,082.59 . What is the number of years, N?

When efficiency is attained, the consumer surplus

A) must be larger than the producer surplus. B) must be smaller than the producer surplus. C) must equal the producer surplus. D) can be either smaller than or larger than but cannot equal the producer surplus. E) can be smaller than, equal to, or larger than the producer surplus.

Refer to the scenario above. Jack will derive ________ units of utility if both of them try to move the tree

A) 5 B) -5 C) -2 D) 10