The difference in present value between a perpetuity that promised $1 per year starting today and one that promised $1 per year starting next year is

What is the significant feature of a preferential arrangement?

What will be an ideal response?

Efficient production occurs if a firm

A) cannot produce its current level of output with fewer inputs. B) given the quantity of inputs, cannot produce more output. C) maximizes profit. D) All of the above.