A ten-year $1,000,000-face-value zero-coupon Treasury bond has a market price of __________ when the interest rate is 9.62%

A monopolistically competitive firm faces a downward-sloping demand curve because

A) of product differentiation. B) its market decisions are affected by the decisions of its rivals. C) it is able to control price and quantity demanded. D) there are few substitutes for its product.

The slope of the isoquant tells the firm how much

A) output increases when labor increases by one unit. B) output increases when capital and labor are doubled. C) capital must decrease to keep output constant when labor increases by one unit. D) a unit of capital costs relative to the cost of labor.