Your storage firm has been offered $97,000 in one year to store some goods for one year. Assume your costs are $95,400, payable immediately, and the cost of capital is 8.9%. Should you take the contract?

Goods and services that can be used for the same purpose are and goods and services that are used together are

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes