If a corporate bond with a face value of $1,000 pays yearly coupon payments of $40, what is the coupon rate?

If marginal cost is rising, what must be happening?

a. Average variable cost must be falling. b. Marginal product must be falling. c. Marginal product must be rising. d. Average fixed cost must be rising.

Hurricane Katrina damaged a large portion of refining and pipeline capacity when it swept through the Gulf coast states in August 2005. As a result of this, many gasoline distributors were not able to maintain normal deliveries

At the pre-hurricane equilibrium price (i.e., at the initial equilibrium price), we would expect to see A) a shortage of gasoline. B) an increase in the demand for gasoline. C) a surplus of gasoline. D) the quantity demanded equal to the quantity supplied.