A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price is $13 per unit. Using the midpoint method, for this range of prices, the price elasticity of supply is about

According to the text, the main reason for people to hold money is

A) because they are irrational. B) to use it for different reasons. C) to tell other people how rich they are. D) to enjoy looking at the pictures of past leaders.

What is the present value of $100 two years from now at an interest rate of 6%?

A) $6 B) $89 C) $94.34 D) $106