Refer to Figure 8.1. At the profit-maximizing level of output, ...

[mikaylakyoung]

Refer to Figure 8.1. At the profit-maximizing level of output, total profit is
 
  A) -120.
  B) 0.
  C) 432.
  D) 600.
  E) 603.

Question 2

Refer to Scenario 15.1. If the interest rate falls,
 
  A) the present value of this contract will fall.
  B) the present value of this contract will be unaffected.
  C) the present value of this contract will rise.
  D) Jacob will be paid less than 10 million each year.
  E) Jacob will be paid more than 10 million each year as he can invest the money.

[brittrenee]

Answer to Question 1

E

Answer to Question 2

C

[mikaylakyoung]

Excellent

[Joy Chen]

Thanks for the timely response, appreciate it