The PDV of a perpetuity with a yearly payment of $500 at an interest rate of 5% is

Refer to Scenario 12.2. The ideal mixed strategy for Eliza has her donating her kidney with ________ probability

A) 15% B) 25% C) 45% D) 75%

Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk, the

A) quantity supplied of milk falls short of the quantity demanded. B) quantity supplied of milk exceeds the quantity demanded. C) supply increases. D) demand decreases. E) price of milk remains $4 per gallon.