The present value of $1 million to be received 10 years from now will
a. decrease if the interest rate rises.
b. be greater if the funds were going to be received 15 years from now.
c. be greater than $1 million.
d. increase if the interest rate were to rise from 4 percent to 8 percent.
A
Economics
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Firm A and B are producers in the same perfectly competitive industry. If Firm A earns a marginal revenue of $17,
a. it earns an average revenue less than $17 b. Firm B earns an average revenue of $17 c. Firm B will try to charge $16 per unit d. it earns an average revenue greater than $17 e. Firm B earns an average revenue greater than $17
Economics
Why do economists prefer to use the model of perfect competition in most economic analysis?
Economics