If M = 200, P = 100, and Q = 10, then V is:

Time to maturity refers to the amount of time until

A) an asset repays the principal to an investor. B) an asset pays interest for the first time. C) a bond can be sold on the secondary market. D) the yield curve shows an upward slope.

Refer to Figure 7.1. At what level of output are average total cost, average cost, average fixed cost and marginal cost increasing?

A) Q2 B) Q3 C) Q4 D) Q5 E) none of the above