Answer:
The boat today is worth 100,440 dollars
Explanation:
We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:
We will apply the formula for lump sum to each
cash flow and then add them together
Year Nominal Present Value
1 20000 18, 518
2 40000 34,293
3 60000 47,630
TOTAL 100,441
D I had this on a test and got it right
For a typical business firm, as production continues to expand marginal cost will increase due to the use of less productive resources.
<h3>What is law of diminishing marginal productivity?</h3>
The law of diminishing marginal productivity states that as the unit of a good produced by using more variable input units alongside a certain amount of fixed inputs increases, the total output may grow at a faster rate initially, then at a steady rate, and then starts decreasing or diminishing as the units of good produced increases.
<h3>What is marginal cost?</h3>
Marginal cost can be defined as the additional amount of money that is paid by a business firm from the production of an additional unit of a good or service.
In conclusion, as production continues to expand for a typical business firm, marginal cost will increase due to the use of less productive resources in accordance with the law of diminishing marginal productivity.
Read more on law of diminishing marginal productivity here: brainly.com/question/28149506
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The answer in the space provided is rumble strips. They are placed on the lane edge to inform or warn the drivers that they are either leaving their travel lane or that they are entering the part of the high way that are not used for traffic use. They are set as a warning for drivers to indicate a specific warning that will be of benefit to them as they drive.