Time value of money refers to the idea that a specific amount of money:
A. Can be converted into other currencies in the foreign exchange market
B. Is needed to purchase goods and services
C. Is more valuable the sooner it is received
D. Can buy less goods and services if inflation occurs over time
C. Is more valuable the sooner it is received
You might also like to view...
In the short run, a perfectly competitive firm might
A) set its price above marginal cost. B) set its price above marginal revenue. C) adjust the size of its fixed inputs. D) operate even though it is incurring an economic loss.
The marginal-utility-to-price ratio tells us that if the price of a good falls, then, ceteris paribus
a. its marginal-utility-to-price ratio falls b. its marginal-utility-to-price ratio rises c. its marginal utility falls d. its marginal utility rises e. consumers buy less of the good