A bond will pay $10,000 to its owner in 5 years. If the relevant annual interest rate is 5%, what is the bond worth today (rounded to the nearest 100)?

In monopolistic competition there is/are

A) only one seller who faces a downward-sloping demand curve. B) many sellers who each face a perfectly elastic demand curve. C) a few sellers who each face a downward-sloping demand curve. D) many sellers who each face a downward-sloping demand curve.

Marginal cost is calculated by dividing the change in total cost by the change in total output

a. True b. False Indicate whether the statement is true or false