In which of the following years was there a recession?

You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?

a. $5,295.43 b. $9,070.30 c. $10,000.00 d. $20,000.00 e. $100,000.00

If fixed cost rises,

a. the profit maximizing level of output would decrease. b. the profit maximizing level of output would not change. c. marginal cost rises. d. variable cost falls.