Answer:
The investor will pay up the rereofitted pumps in a period of 22.52 months.
Explanation:
<em><u>First,</u></em> we solve for the amount of profit generate per month:
21,000 gallons a month x $0.09 per gallon = $1,890
Now, we calcualte the time at which an monthly income of 1890 discounted at 2% per month matches a present value of 34,000
C $1,890.00
time n
rate 0.02
PV $34,000.0000
We use logarithmics properties to solve for n:
-22.52006579
n = 22.5200 = 22 and a half month.
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
<h3>What is the price elasticity of demand?</h3>
A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
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Answer: Capital investment in new machinery
Capital investment in new machinery enables a company to produce more over a given period of time as compared to the old machine.
It also helps the company to take advantage of new orders in the markets and helps it increase its share in catering to the demand for its products
The use of new technology in industry has benefited producers more so than consumers as, "Producers can transport goods around the world."
With faster decision-making and quick responses, the new technology enables producers to become more competitive in the market. The technology is helping to increase the efficiency of systems, products and services.
With the help of technology, the products which are produced are being marketed and then they are being transported around the world. This way it enables the business to grow rapidly and increases the profits.
Through the use of technology, businesses can research the market. This is extremely useful as it provides businesses with in-depth knowledge about market conditions.
Hence, the use of new technology in industry has benefited producers more so than consumers.
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The answer should be A, as grants and scholarships are easier to attain
