The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.
<h3>What is a perfectly competitive market?</h3>
In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.
Therefore, in such a market the price taker must take the prevailing market price its product.
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Answer:
The expected rate of return is 17.40%, which is option D.
Explanation:
Hi, to find the expected rate of return, you just have to use the following formula.

Therefore:

So, the expected rate of return is 17.40%, in other words, D
Best of luck
A secured loan has claim on assets in case the lender defaults. For example, a home buyer takes out a loan (secured against the home) with a bank to buy home. If the home buyer can't make repayments (or even goes bankrupt), the bank can sell the home to recover their lost money.
An unsecured loan does not have claim on any assets. All else being equal, an unsecured loan has higher interest rate.
Answer:
it will pay an amount of $21107986.18
Explanation:
firstly we will be using the present value annuity formula to calculate how much will the first payment be for the annuity as there will be 30 annual payments of the lotto amount so :
Given $365000000 which is the present value of the annuity Pv.
Interest that will be gained from saving the money which is 4% per annual (i)
now we also have 30 annual payments which is our n
we are looking to find C the monthly payments .
we will now substitute these values to the formula which follows and solve for C:
Pv = C[(1-(1+i)^-n)/i]
365000000 = C[(1-(1+4%)^-30)/4%] then we divide both sides with what multiplies C
$365000000/ [(1-(1+4%)^-30)/4%] = C
$21107986.18 = C
This is the first payment that the power ball winner will get.