Paul wants to accumulate $14,500 in order to make the down payment for a new condo. today he can start investing $2,500 annually in an investment account that pays 10 percent interest compounded annually. how long would it take him to have enough money to make the down payment? a) 5.90 years b) 6.10 years c) 3.50 years d) 7.60 years e) 4.44 years

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.