A bond is selling for $1000 and it pays $150 in interest a year. If the interest rate changes to 20 percent, then
A) the price of the bond falls to $750. B) the interest payment falls to $75.
C) the interest payment rises to $200. D) the price of the bond rises to $1500.
A
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A firm's average total cost is $60, its average variable cost is $30, and its total fixed cost is $600. Its output is
A) 20 units. B) 30 units. C) 40 units. D) 50 units.
How does U.S. output per capita compare with other industrial countries?
a. The United States ranks second accounting for 30 percent less output per capita than its predecessor Japan. b. The United States ranks at the top about 32% of the rest, excluding second ranked Canada. c. The United States ranks at the top and produces 10% more output per capita than all other nations. d. The United States ranks first in output and is 75% above the rest of the world.