The short-run supply curve of a perfectly competitive firm is:
a. the average variable cost curve
b. the average total cost curve.
c. the same as the demand curve.
d. marginal cost above average variable cost.
d
Economics
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For a ten-year $1,000,000-face-value zero-coupon Treasury bond, how does its market price change when the interest rate goes from 6.84% to 6.92%?
A) A fall of $1192 B) A fall of $3848 C) A fall of $8000 D) A rise of $8000
Economics
If a saver has a positive rate of time preference then the present value of $100 to be received 1 year from today is:
A. not calculable. B. unknown to the saver. C. less than 100. D. more than $100.
Economics