Answer:
False is the correct answer.
Explanation:
Answer:
r= .0901, or 9.01%
Explanation:
N=18, PV=73,000, FV=345,000, I=? 9
Therefore:
V = PV(1 +r)t
= (FV/PV)1/t– 1
r= ($345,000/$73,000)1/18– 1
r= .0901, or 9.01%
The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%
<span>The American Opportunity Credit is a tax credit that is offered on education expenses for eligible students that qualify. It is only applicable in the first four years that a student is attending a type of higher education and the maximum yearly credit caps out at $2500 per student who is eligible.</span>
Answer:
a)
P 175
Q = 250
Profit6,250
b)
P 325
Q = 875
Profit 153,125
c)
Q = 1200
P = 260
Profit = 287,000
Explanation:
It maximize profit at MR = MC
MR = 200 - 0.2Q
MC = 150
150 = 200-0.2Q
Q = 50/0.2 = Q = 250
Price:
250 = 2000 - 10P
P = 1750/10 = 175
<u></u>
<u>Profit: revenue - cost</u>
$175 x 250 session - $150 per session = 6,250
<em>At new functions:</em>
150 = 500-0.4Q
Q = 350 / 0.4 = 875
Price:
875 = 2,500 - 5P
P = (2500-875)/5= 325
<u>Profit</u>
(325 - 150) * 875 = 153,125
<u>If cost changes:</u>
cost: 1000 + 20Q
marginal cost: 20
20 = 500 - 0.4Q
Q = 480 / 0.4 = 1,200
Price:
1,200 = 2500 - 5P
P = 1300/5 = 260
<u>Profit</u>
(260 - 20)Q - 1,000 = 287,000