Answer:
$ 33,951.78
Explanation:
For this problem, you wan to know the future value of these coins later in 2055. For future value (FV), you need the rate, number of periods that occur (NPER), payment (PMT), and the present value (PV).
Currently, you know that you Present Value is 57, because that is how many silver dollars you have ($1 per coin). The rate is given: 6.4%. The number of periods is found by taking the year 2055 and subtracting 1952; 2055-1952=103. Then the payment is 0 here.
Rate: 6.4%
Nper: 103
PMT: 0
PV: 57
The formula for FV = PV [(1+rate)^NPER]. Or you use the function in excel of =FV(rate,nper,pmt,pv) to solve.
That should get you the answer of 33,951.78.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? The firm will go out of business.
Answer:
A. Opinion Leaders
Explanation:
Opinion leaders are individuals whose opinions and thoughts towards a product or service has a big influence on the position of others concerning where they stand about the product. They are influencers because they are able to influence people by their opinions. The leader is able to change and determine other people behavior according to their own preferences. In this case, the manager hopes that the actors wearing the prototype can have a positive impact by being opinion leaders and influencing other people to buy the product.
The market is up rn depending on what brands you trust and willing to invest in
