The voting outcome and the most preferred outcome of the median voter are the same in a simple majority vote where there are several options from which to choose

According to your text, when a shortage exists,

A) buyers compete with buyers. B) buyers compete with sellers. C) sellers compete with sellers. D) the price of the good would tend to fall in order to eliminate the shortage.

Ricky is thinking about borrowing $10,000 from Fred. He promises Fred cash flows of $5000 for the next three years. If Fred's cost of capital is 10%, what is the Net Present Value of the investment for Fred?

a. -$126.55 b. $1,342.76 c. $2,434.26 d. -$1,322.31