Which of the following is not one of the three critical characteristics of efficient property rights?

If the Consumer Price Index (CPI) decreases from 100 to 50 and the nominal wage decreases from $200 to $50, what is the change in the real wage in terms of the beginning year's dollars?

a. +$200 b. -$100 c. +$50 d. -$200 e. +$250

Suppose the growth rate of the firm's profit is 7 percent, the interest rate is 9 percent, and the current profits of the firm are $60 million. What is the value of the firm?

A. $4,480.6 million B. $289.4 million C. $3,270 million D. None of the statements associated with this question are correct.