Brodie receives $700 every 12 months forever, starting 16 months from today. If his stated annual interest rate is 13% compounded monthly, what is the present value of this perpetuity?

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Which of the following has the largest impact on opportunity cost