To compute for the rate for the year, the formula that we
will be using would be the r = I / Pt.
Where:
r = interest rate
I = interest; to solve for the interest, we know that our
principal value is $30,000 and our future value is $42,135, just deduct the $30,000
from there, and you can get the interest. $42,135 – $30,000 = $12,135
P = principal = $30,000
t = time = 3 years
r = 12,135 / (30,000) (3)
r = 12,135 / 90,000
r = 0.1348 or 13.48%
to check, use the I = Prt then just add the Principal to get
the future value
I = Prt
= 30,000 * 0.1348 * 3
= 12,135
Future value = P + I
= 30,000 + 12,135
= 42, 135
<span> </span>
Answer:
c. freemium
Explanation:
Freemium -
The words can be bifurcated into free plus premium ,
Therefore , from the word , it refers to the type of pricing strategy for any goods or services which is complete free to use , but need to give some charges for any additional service or plans , is referred to as freemium.
This type of strategy is very common in TV channel plans , games , any computer software etc.
Hence , from the given information of the question ,
The correct answer is c. freemium .
Answer:
a consumer surplus of $10 and Tony experiences a producer surplus of $190.
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$340 - $330 = $10
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$330 - $140 = $190
Answer:
The correct answer is letter "B": Lead users.
Explanation:
American economist Eric von Hippel (born in 1941) coined the term "<em>lead users</em>" to refer to users that are ahead of trends, subject to innovate because of having more advanced needs than average consumers. These types of users have unsatisfied needs that the market does not provide which pushes them to create new products or modify existing products.
Answer:
Advertise guppy gums and raskels
Explanation:
Cross price elasticity is used the determine the relationship between two goods. Quantity of compliments increases together, while with subsititutes increase in one results in reduction of the other.
Cross elasticity of guppy gums and raskels= -5/4= -1.25
Negative cross elasticity means the products are complimentary. When price of guppies goes up its demand will reduce, demand of raskels will also reduce
Cross elasticity of guppy gums and kipples= -5/-6= 0.8333
When cross elasticity is positive, the goods are substitutes. As price of guppies goes up its demand goes down, and demand for kipples goes up.
So we will decide to market compliments together because increase in demand for one leads to increase in demand for the other.
We will go with guppy gums and raskels