If the interest rate is 8% and $1 will be paid to you in 3 years, what is the present value of that dollar (to the nearest tenth of a cent)?

Starbucks sells coffee in both New York City and in rural upstate New York. The price of coffee is higher in New York City

This fact means that the value of marginal product of land is ________ in New York City and so Starbucks is willing to pay a ________ rent in New York City. A) lower; lower B) higher; lower C) lower; higher D) higher; higher

The social interest theory of regulation predicts that the political process will seek to minimize

A) producer surplus. B) consumer surplus. C) total surplus. D) deadweight loss.