What is the present value of $1,000 to be received 2 years in the future with an interest rate of 8 percent?

Joy is training to become a chef. The skills she is obtaining from her training and education will increase Joy's ________

A) human capital B) physical capital C) entrepreneurship D) None of the above answers are correct.

The Toys-R-Danger-Us Toy Company can produce 500 water pistols for a total cost of $1,400 . If the variable cost of producing 500 water pistols is $1,300, then

a. fixed cost must be $100 b. marginal cost must be $1,300 c. marginal cost must be increasing d. average variable cost must be decreasing e. average fixed cost must be constant