On June 2, 2017, Diamond Chemical Corporation’s 4.1 percent coupon bonds, with face values of $100, was sold for $95. This means that the yield on these bonds was
A. less than 4.1 percent.
B. equal to 4.1 percent.
C. equal to 95 percent of 4.1 percent.
D. greater than 4.1 percent.
Answer: D
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Which answer below CORRECTLY describes the relationship between the demand for labor curve and the value of marginal product curve?
A) The curves intersect to determine the equilibrium quantity of labor. B) The value of marginal product curve lies to the right and above the demand for labor curve. C) The curves are the same. D) The value of marginal product curve lies to the left of the demand for labor curve.
The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. In the long run, firms will ________ the market and the market ________ will ________
A) leave; supply; decrease B) enter; supply; increase C) leave; demand; decrease D) enter; supply; decrease