Answer:
b. increase his consumption of Y.
Explanation:
A normal good is a good whose demand increases when income rises and falls when income falls.
If good Y is a normal good, Prince would increases its consumption when income rises.
I hope my answer helps you
Solution:
Given information:
The fixed operating costs are$430,000.
The variable costs per unit are $2.95.
The selling price of the product is $4.50.
Calculation of the break-even point:
The formula to calculate the break-even point is:
Break-even point = Fixed costs / Selling price per unit -Variable costs per unit
= 430,000 / 4.50 - 2.95
= 430,000 / 1.55 = 277,419
Substitute $430,000 for the fixed costs, $2
Answer: interest earned = $8942372340
$8942672340 this is amount after 25 years.
Explanation:
formula used: S= R*[ (1+<em>i </em>)ⁿ-1 / <em>i </em>]
where:
S is future value
R is periodic payment
<em>i </em> is interest rate period
n is number of periods
R= $3000
n= 65-40=25 now 25*4=100 QUARTERLY that is why we used 4
<em>i </em>= 55% which is equal to 0.55
so, for quarterly <em>i= </em>0.55/4= 0.138
now putting them in formula given above
S= 3000*[ (1+0.138)¹⁰⁰-1] / 0.138
S= $8942672340 (future value )
total money deposited = number of period * periodic amount
= $3000*100 = $300,000
interest earned = future value - total money deposited
= 8942672340 - 300,000
interest earned = $8942372340
M1 is the most liquid monetary aggregate.
A measure of the money supply in an economy is called an aggregate of money. To standardized monetary aggregates in the US, the following labels are applied:
MO The monetary base, usually referred to as the physical money supply or coinage and bank reserves maintained by the central bank,
M1: M0 in its whole plus traveler's checks and demand deposits
All of M1, money market securities, and savings accounts are considered M2.
Despite not being frequently noticed and being distinct from the money supply, the monetary base is a crucial monetary aggregates. The total amount of money in circulation as well as the fraction of commercial bank reserves that is kept on hand by the central bank are included. Since it may be multiplied using the fractional reserve banking system, this is also sometimes referred to as high-powered money (HPM).
Learn more about monetary aggregates here
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Perhaps, life expectancy... That may be your answer.
