To determine the production level, the monopolist sets marginal cost equal to price.

You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo

IRISSAK [1]

Answer:

Second National Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n

<u>$13,900</u> = (1.10)n

$5,400

2.574074074 = (1.10)n

Log 2.574074074 = n log 1.10

<u>Log 2.574074074</u> = n

Log 1.10

n = 9.9 years

None of the answers is correct

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied by 1 plus interest rate, raised to power number of years.

8 0

3 years ago

Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows

Setler79 [48]

The cost of underestimating the demand is considered a revenue loss that arises due to cancellation of flight costing $134. Hence, cost of underetimating the demand is $C_u=\$134$ .

The cost of overestimating the demand is known as rewards. For example, free round trip ticket worth $263. Hence, the cost of overestimating the demand is $C_o=\$263$ .

$\frac{C_u}{C_u+C_o} = \frac{134}{134+263} \\ \\ = \frac{134}{397} =0.3375$

The z-score that yields a p-value of 0.3375 is -0.4193.

Thus, super discount airlines should overbook the flight by 35 + (-0.4193 x 24) = 35 - 10.0632 = 24.9368 = 25 seats.

Therefore, super discount airlines should overbook the flight by 25 seats.

4 0

3 years ago

The main role of banks in the nations economy is to

ahrayia [7]

Stabilize the float of economy and value

5 0

3 years ago

Read 2 more answers

Why is the GDP an important economic measurement?

telo118 [61]

Answer:

B

Explanation:

GDP is gross domestic product. meaning a total of all goods bought and sold in a country. this is not useful from an investment standpoint as the scope is to large. D is not true it measures only domestic not foreign product and.

8 0

3 years ago

Kaylene is making pasta for her family's dinner, and has a big pot of tomato sauce simmering on the stove. kaylene tastes it and

Natali5045456 [20]

The added salt did not exceed the Kaylene's PERCEPTUAL threshold. Perception involves interpreting information send by our senses. Threshold refers to the minimum quantity of a thing that can produce effect. There are different types of threshold. Perceptual threshold refers to the point where one can maintain the perception of a product.

3 0

3 years ago