Although there are certain inefficiencies associated with monopolistic competition, society receives a benefit from monopolistic competition in the form of product variety

What is the discounted value of $60,000 to be received after six years, if the ongoing rate of interest is 6% per annum?

A) $41,212.84 B) $42,297.63 C) $44,666.95 D) $51,220.64

When buying a piece of equipment, it is always best for the firm to pay cash instead of borrowing the funds since this renders the equipment less costly

Indicate whether the statement is true or false