Sue's Surfboards is the sole renter of surfboards on Big Wave Island. Sue does not price discriminate. For Sue's Surfboards, the change in total revenue from each additional surfboard rented is her
A) marginal revenue and is equal to the rental price of a surfboard.
B) marginal cost and is greater than the rental price of a surfboard.
C) marginal revenue and is less than the rental price of a surfboard.
D) marginal cost and is constant regardless of how many surfboards are rented.
C
Economics
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The date at which a recession starts is called the
A) trough. B) peak. C) depression. D) plateau.
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Suppose Tracy will get $500 from her parents when she graduates from college two years from today. If the market interest rate is 8 percent, then what is the present value of that $500?
a. $359.12 b. $428.67 c. $462.96 d. $483.11
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