This is known as Data Visualization
Answer:
Present value = $6404.20
Explanation:
Data provided in the question :
Amount of the Centennial lottery prize won = $1.4 million = $1,400,000
Time after which the amount will be received, n = 70 years
Discount rate, r = 8%
Now,
the present values is given as:
![\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}](https://tex.z-dn.net/?f=%5Ctextup%7BPresent%20value%7D%3D%5Cfrac%7B%5Ctextup%7BPrinciple%20amount%7D%7D%7B%281%2Br%29%5En%7D)
on substituting the respective values, we get
![\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}](https://tex.z-dn.net/?f=%5Ctextup%7BPresent%20value%7D%3D%5Cfrac%7B%5Ctextup%7B%241%2C400%2C000%7D%7D%7B%281%2B0.08%29%5E70%7D)
or
Present value = $6404.20
Available Options Are:
A. A climate of caring will pervade.
B. Lawlessness all but ceases to exist.
C. People look after their own interests.
D. Small business starts increase.
E. Inflation decreases.
Answer:
Option A. A climate of caring will pervade.
Explanation:
When the people in a society start acting socially responsible which means that they value every single life on earth because acting socially means sustainability which says that the future generation needs must not be compromised in meeting current generation needs. Hence when everyone will be thinking as a socially responsible person then their will be a climate of care and every life matter would be understood by every single person on earth.
Answer:
consumer responsibility. This is when consumers purchase goods that would not harm the environment or would not be hazardous to one’s health. They make healthy and environment-friendly choices in buying items that they need. These are usually people who are concerned about what they buy and how it would affect not only them but the area surrounding them.
Answer:
D. decreases initially and then is horizontal.
Explanation:
A horizontal long run average cost curve reflects increase in cost proportionate to output, so the firm's long run average cost curve will fall initially and then become horizontal.