The table below shows the expected rate of return and the demand for ovens. Ovens Expected Rate of Return (%) 1 12 2 10 3 8 4 6 5 4 Suppose the interest rate offered by the bank is 6%. How many ovens will be demanded? Multiple Choice five ovens four ovens one oven three oven

The table below shows the expected rate of return and the demand for ovens. Ovens Expected Rate of Return (%) 1 12 2 10 3 8 4 6 5 4 Suppose the interest rate offered by the bank is 6%. How many ovens will be demanded? Multiple Choice five ovens four ovens one oven three oven

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.6P

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Question

The table below shows the expected rate of return and the demand for ovens.

Ovens	Expected Rate of Return (%)
1	12
2	10
3	8
4	6
5	4

Suppose the interest rate offered by the bank is 6%. How many ovens will be demanded?

Multiple Choice

five ovens
four ovens
one oven
three oven

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