In present value, if 140 delayed utils are only worth 70 utils ...

[RRMR]

In present value, if 140 delayed utils are only worth 70 utils now, the discount weight must be equal to ________.
 
  A) 1/2
  B) 1/8
  C) 1
  D) 2

Question 2

Which of the following is necessary for a market to be deemed perfectly competitive?
 
  A) All firms are price searchers.
  B) All participants enjoy full and complete information.
  C) Sellers produce of different quality, durability, and desirability.
  D) All of the above are necessary.
  E) None of the above are necessary.

[shaikhs]

Answer to Question 1

A

Answer to Question 2

B