If the interest rate on a bond is above the equilibrium interest rate, there is an excess ________ for bonds and the bond price will ________

The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is $2.00 per pound. What is the value of marginal product from employing the third worker?

A) $800 B) $1,200 C) $2,000 D) $4,800

A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What are his implicit costs?

a. $26,000 b. $66,000 c. $78,000 d. $52,000 e. $72,000