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Suppose you will receive $800 in two years. If the interest rate is 5 percent, then the present value of this future payment is 1. $725.62. It would be higher if the interest rate were higher 2. $727.28. It would be higher if the interest rate were higher 3. $725.62. It would be lower if the interest rate were higher 4. $727.28. It would be lower if the interest rate were higher  

Which of these is the best example of complementary goods? 1. beef and chicken 2. rice and potatoes 3. cars and bikes 4. peanut butter and jelly

An improvement in production technology will increase a firm’s costs and increase its supply increase a firm’s costs and decrease its supply  decrease a firm’s costs and increase its supply decrease a firm’s costs and decrease its supply

If Shawn can produce more donuts in one day than Sue can produce in one day, then Shawn has a comparative advantage in the production of donuts Sue has a comparative advantage in the production of donuts Shawn has an absolute advantage in the production of donuts Sue has an absolute advantage in the production of donuts

A competitive market is one in which there is only one seller, but there are many buyers are many sellers, and each seller has the ability to set the price of their product are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market are so many buyers and so many sellers that each has a negligible impact on the price of the product

If a country has 100 people and it takes 10 people to produce 1 chair and 20 people to produce 1 desk, which of these would be a point on the PPF? 1. 10 chairs and 10 desks 2. 5 chairs and 5 desks 3. 4 chairs and 7 desks 4. 4 chairs and 3 desks

The “invisible hand” directs economic activity through advertising prices central planning government regulations

A certain university’s population is 40% male and 60% of the males play sports.  50% of the females play sports.  Construct a tree diagram to help answer the following question. If one student is randomly selected from the population, find the probability the student is a male, given that the student plays sports. Enter as a decimal number (not as a percent) correct to 3 decimal places.

A minimum type linear program has the following objective function and corner points for its feasible solution, determine the minimum cost.

(Ducharse)