Marcus says that he would smoke one pack of cigarettes each day regardless of the price. if he is telling the truth demand for cigarettes is: a. perfectly inelastic b. price elasticity of demand for cigarettes is infinite c. income elasticity of demand for cigarettes is 0 .more than one of the above is correct

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)