What is the present value of a payment of $100 one year from today if the interest rate is 5 percent?

a. $95.50
b. $95.24
c. $95.00
d. None of the above are correct to the nearest cent.

b

Economics

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Fill in the blank: Your authors claim ________ has been the rule rather than the exception through almost all of human history

A) price stability B) poverty C) disinflation D) wealth

Economics

Betsy's utility depending from her consumption of coffee is shown in the table above. If the price of a cup of coffee is $2, Betsy's marginal utility per dollar from the 2nd cup of coffee per day is

A) 15. B) 40. C) 20. D) 32.5.

Economics