The present value of $100 received 3 years from now given a current interest rate of 6% is

A) $82.00.
B) $83.96.
C) $100.00.
D) $116.00.
E) $118.00.

Refer to Figure 16.4. Suppose the government assigns property rights to ________. No negotiations occur between the parties. The resulting level of air travel is 0 units.

A) the airlines
B) both the airlines and the residents of Playa Del Rey in a 50-50 split
C) the residents of Playa Del Rey
D) indeterminate from the given information.

Job order manufacturing and process manufacturing are two major costing systems used in manufacturing. Briefly contrast the characteristics of these two systems.
A)Cost of production report
B)Equivalent units of production
C)First-in, first-out (FIFO) method
D)Last-in, first-out (LIFO) method
E)Whole units
F)Yield

What is the percentage of the lower two quintiles earned on line Y?

Counterfeiting, a widespread problem, is a term that describes:

A) rebelling against an idea.
B) changing price tags on items.
C) sale of fake versions of real products.
D) shoplifting for a thrill.

Every $1 invested in Safe Sox will yield $2 for sure.Each $1 invested in Wobbly Umbrellas will yield $8 with probability 1/2 and $0 with probability 1/2.An investor has $10,000 to invest in these two companies and her von Neumann-Morgenstern utility function is the expected value of the natural logarithm of the total yield on her investments.If S is the amount of money that she invests in Safe Sox and $10,000 2 S is the amount that she invests in Wobbly Umbrellas, what should S be to maximize her expected utility? (Pick the closest answer.)

A) $1,111
B) $3,333
C) $5,000
D) $6,667
E) $9,111

Which of the following is true regarding spendthrifts and tightwads?

A) Spendthrifts spend cautiously; tightwads hate spending.
B) Spendthrifts hate spending; tightwads do not spend.
C) Spendthrifts spend occasionally on others; tightwads never spend on others.
D) Spendthrifts spend freely; tightwads hate spending.

If the production function is f(x, y) x  minx, y, then there are constant returns to scale.