This is ab example of a price floor. It is price that set by the government as a minimum price that would be imposed on a product. This value should be higher than that of the equilibrium price to be effective. It is used in order to prevent the prices to be too low.
Answer:
$28,216
Explanation:
The computation of the minimum amount that you will accept today i.e present value is shown below:
Year Cash flows Discount factor Present value
1 $10,000.00 0.9259259259 $9,259.26
2 $11,000.00 0.8573388203 $9,430.73
3 $12,000.00 0.793832241 $9,525.99
Total present value $28,215.97
The discount factor should be computed by
= 1 ÷ (1 + rate)^years
Answer:
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Hello M5irenflorevert,
I would say bread because it is the most perishable food on that list.
Even after a few days it can get crusty and nasty.
~Naterator
Please Thank If This Helped <3
