If $1,000 is placed in an account earning 8% annually on January 1, 1999, how much would be in this account on January 1, 2013?

At the current level of production, if the firm's MR>MC, then the firm should

a. produce more b. the company is maximizing profit at this output c. producing less d. None of the above

A direct relationship exists when:

A. there is no association between two variables. B. one variable increases and there is no change in the other variable. C. one variable increases and the other variable increases. D. one variable increases and the other variable decreases.