I need help with the following questions. Our study group can\'t seem to find th

Question

I need help with the following questions. Our study group can't seem to find the answers anywhere.

5. Saving is a. helpful for production but not necessary b. not useful for production because they imply a decrease in consumption c. required for production d. not useful for production because it is not a resource e. not useful for production because savers must be paid interest 6. The present value of a given payment will be lower a. if the payment comes sooner than expected b. the lower the prevailing interest rate c. the further in the future the payment is to be received d. the sooner the payment is to be received e. if the payment is made in cash 8. The market interest rate a. represents the opportunity cost of investing with borrowed funds b. has no impact on the firm's investment decision if the firm uses borrowed funds c. represents the opportunity cost of investing with savings d. has no impact on the firm's investment decision if the firm uses savings e. represents the opportunity cost of investing with either borrowed funds or savings 9. The Amsterdam flower market is a. an example of an open outcry auction market b. an example of a Dutch auction market c. a commodity market in which bidding opens at a low price and then moves upward d. the world's best example of a perfectly competitive market e. a monopoly market 10. A cartel is a. explicit collusion b. a conglomerate merger c. a horizontal merger d. legal in the United States e. implicit collusion Exhibit 10-6 12. In Exhibit 10-6, what is the profit-maximizing price for this monopolistic competitor in the short run? a. $7 b. $6 c. $5 d. $4 e. $3

Explanation / Answer

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8 . option A

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9 . option A

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10 a cartel is explicit collusion

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5. Saving is

helpful for production but not necessary

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12. . option C

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