Your artistically talented friend Pablo offers to sell you one of his paintings that he knows you enjoy looking at. You value this enjoyment at $100 and then expect to sell the painting at the end of one year for $500. You would buy the painting when interest rates are at 5% so long as the price he asks for is no greater than
a. $600.
b. $576.
c. $500.
d. $400.
b. $576.
Economics
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Which of the following can lead to a firm being more efficient that a market? A firm can have I. economies of scale. II. economies of scope. III. lower transactions costs
A) III only B) I and II C) II and III D) I, II and III
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What type of business has the potential for double taxation of profits and why?
What will be an ideal response?
Economics