Based on the table "Real and Nominal GDP," if year one is the base year, then the inflation rate in year three is ________

Explain why a firm may rationally make an investment when its cash flow from the investment is not positive each year

What will be an ideal response?

Reservation price is: a. the maximum amount a customer would be willing to pay for a unit of output. b. the minimum price at which a seller would be willing to supply the product. c. always equal to the marginal cost

d. the same as market price.