A firm has a fixed cost of $700 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000 . The marginal cost of producing the 100th unit of output is $200 . What is the total cost of producing 100 units?

The figure above shows the money market. At which interest rate are people selling bonds and thereby changing the interest rate?

A) 4 percent B) 5 percent C) 6 percent D) 6 percent and 4 percent E) 6 percent, 5 percent, and 4 percent

The most that someone would pay today to receive a certain sum at some point in the future is known as

A) the interest rate. B) present value. C) future value. D) economic profit.