Your 55 year old parents have been saving for retirement many years and have built up a nest egg of $1,000,000 in cash and equity investments. They are considering retiring in 10 years and are wondering whether to invest some or all of their retirement savings in the bond market because they feel it is less risky than the stock market. Bond interest rates currently are at historical lows and are expected by some financial analysts to rise in the next decade. What would you suggest they do

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500