(Advanced analysis) Susie has $500 invested in a financial asset earning an annually compounded interest rate of 8 percent. If Susie plans to cash in the asset when it is worth $700, about how long will she have to wait?

The above figure shows the supply and demand curves for high-skilled and low-skilled labor. High-skilled workers earn a wage rate of

A) $15 per hour. B) $12 per hour. C) $9 per hour. D) $6 per hour.

The indifference curve between expected return and the standard deviation of return for a risk-averse investor

A) is downward-sloping. B) is upward-sloping. C) is horizontal. D) is vertical. E) can take any shape.