Which of the following is an implicit cost to a firm that produces a good or service?
  • Foregone profits of producing a different good or service
If the interest rate is 10% and cash flows are $1,000 at the end of year one and $2,000 at the end of year two, then the present value of these cash flows is?
  • $2,562

The second-anniversary celebration of our college will be held on December 15. Which of the following is the correct phrase for ‘will be held’ above?

  • comes off