« previous next »

Author Question: If the interest rate is 4 percent, the present value of 10,000 to be received one year from today is ... (Read 108 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
If the interest rate is 4 percent, the present value of 10,000 to be received one year from today is about
 
  A) 9,246.
  B) 9,615.
  C) 10,816.
  D) 10,400.

Question 2

If the marginal product of labor curve slopes downward, then the average product of labor curve necessarily must slope downward. Explain whether the previous statement is correct or incorrect?
 
  What will be an ideal response?


dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The statement is incorrect. The relationship between the marginal product and average product of labor is that when the marginal product of labor exceeds the average product of labor, the average product of labor curve slopes upward and when the marginal product of labor is less than the average product of labor, the average product of labor curve slopes downward. So, even if the marginal product of labor curve slopes downward, as long as it is above the average product of labor curve, the average product of labor curve slopes upward.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library