<span>There was the Sherman Act, the first of the anti-trust laws, which disallowed monopolies, and price fixing. to ensure the consumer a fair price by preventing one company from controlling an entire market, thereby insuring a particular product would need to be priced competitively.
There was also the Interstate Commerce Act which prohibited the railroads from both price gouging and price discrimination, ie. charging more for smaller loads and shorter distances, which greatly affected small business like farmers, who couldn't afford to pay more for less, and big businesses were paying less for more. Sound familiar? This Act forced railroads to have one fair rate applying to everyone, and it must be posted for all to see.</span>
Answer:
Rate of return is 2.52%
Explanation:
Investment in 1925 = $10,000
Portfolio value in 2000 = $64,402.23
Number of years = 2000-1925 = 75 years
Rate of return = ?
Using following formula to calculate rate of return.
A = P x ( 1 + r )^n
64,402.23 = 10,000 x ( 1 + r )^75
64,402.23 / 10,000 = ( 1 + r )^75
6.440223 = ( 1 + r )^75
![\sqrt[75]{6.440223} = \sqrt[75]{(1+ r)^75}](https://tex.z-dn.net/?f=%5Csqrt%5B75%5D%7B6.440223%7D%20%3D%20%5Csqrt%5B75%5D%7B%281%2B%20r%29%5E75%7D)
1.02515 = 1 + r
r = 1.02515 - 1
r = 0.02515
r = 2.52%
Answer
Capital
Explanation
Capital as a factor of production consists of tangible and intangible goods which are produced in the environment and utilized as inputs to further produce more goods and services. Human made resource such as money/wealth is used to produce more wealth by facilitating buying of capital equipment which aid in process of economic development.
<span>This is a true statement. When the supply of notebooks is decreased in the market, this would consequently cause the quantity that is supplied or available to simultaneously go down, despite the fact that the demand remains unchanged as a result of continued need for the item.</span>
Answer:
6.82%
Explanation:
In this question we use the PMT formula that is shown on the attachment below:
Given that,
Present value = 102.037% × $2,000 = $2,040.74
Future value = $2,000
Rate of interest = 6.62% ÷ 2 = 3.31%
NPER = 18 years 2 = 36 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $68.15
Now the coupon rate is
= PMT ÷ face value × 2
= $68.15 ÷ $2,000 × 2
= 6.82%
