The procedure used to calculate the present value of future income is called

a. indirect production.
b. investment tax shelter planning.
c. discounting.
d. amortizing.

C

Economics

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Which of the following is classified as an intermediate good?

i. the purchase of a Big Mac by a college student ii. McDonald's purchase of pickles iii. a McDonald's restaurant owner's interest payment for the loan on her building A) ii only B) ii and iii C) i and iii D) i only E) i, ii and iii

Economics

Given the information in the table shown, what is the market price?

This table shows price and quantity produced for a single firm in a perfectly competitive market.

A. $20
B. $10
C. $2
D. $260

Economics