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Taya2010 [7]
2 years ago
5

A coin sold at auction in 2017 for $1,965,500. The coin had a face value of $5 when it was issued in 1794 and had previously bee

n sold for $305,000 in 1971. a. At what annual rate did the coin appreciate from its first minting to the 1971 sale
Business
1 answer:
aksik [14]2 years ago
4 0

Answer:

0.0642 or 6.42%

Explanation:

The period 't' between the year when the coin was issued, 1794, and 1971 is:

t=1971-1794 \\t=177\ years

If the coin had a value of $5 and after a period of t=177 years it was worth $305,000, the annual tax rate by which the coin appreciated is determined by:

305,000 = 5*(1+r)^{177}\\r=\sqrt[177]{61,000}-1\\r=0.0642=6.42\%

The annual rate was 0.0642 or 6.42%.

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Answer:

The answer is A.

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Printed circuit boards is one of the materials used to build computers and since the price has increased, the cost of producing computer also increases and this will make the producers to produce less, shifting the supply curve to the left.

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Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?

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4 0
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A competitive firm maximizes profit by choosing the quantity at which.
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