Suppose You Win a Small Lottery and You Are Given

question 65

Multiple Choice

Suppose you win a small lottery and you are given the following choice: You can receive (1) an immediate payment of $5,000 or (2) two annual payments, each in the amount of $2,700, with the first payment coming one year from now, and the second payment coming two years from now. You would choose to take the two annual payments if the interest rate is

• A)2 percent, but not if the interest rate is 3 percent.
• B)3 percent, but not if the interest rate is 4 percent.
• C)4 percent, but not if the interest rate is 5 percent.
• D)5 percent, but not if the interest rate is 6 percent.

Understand enzyme kinetics and the effect of different factors on the speed of enzymatic reactions.

Explain the concept of enzyme specificity and the role of the active site in determining substrate binding.

Discuss the impact of enzymes on the energy profiles of reactions, including the lowering of activation energy.

Understand the basic principles of enzymatic catalysis and enzyme kinetics.