At $5.15 per hour, the 2007 inflation adjusted minimum wage was
A. statutorily constant.
B. nearing a 50-year low.
C. slightly above the historical average.
D. at an all-time high.
Answer: B
Economics
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A new computer will generate $1,000 in net revenue for a firm during its first year, $500 during its second year, $250 during its third year, and nothing thereafter. If the interest rate is 10 percent (0.10) per year, what is the present value of the computer to the firm? (The first payment will be received at the end of this year.)
a. $1,590.91 b. $1,510.14 c. $1,750.00 d. $1,446.28 e. $1,661.16
Economics
The drug maker Pfizer enjoyed a monopoly of the antibiotic Lipitor because of patent rights
a. True b. False Indicate whether the statement is true or false
Economics