Answer:
<u>Annual rate of return which will be earned from today is 5.89%</u>
Explanation:
FV = PV (1+r)^n
r is int Rate per anum abd n is balance period
10000 = 6700 ( 1 + r)^n
10000 = 6700 ( 1 + r)^7
( 1 + r)^7 = 10000 / 6700
= 1.4925
1+r = 1.4925^(1/7)
= 1.0589
r = 1.0589- 1
= 0.0589 i.e 5.89%
Wants = desires
Economics = study of production, consumption, and distribution of wealth
Demand = what people want to have produced
Saving = abstaining from consumption; not using
Supply = amount of a good produced
Needs = food, clothing, shelter
Answer:
$4.15.
Explanation:
The relevant to use in reaching the decision can be computed as follows:
Relevant cost = Direct materials + Direct labor + Variable overhead = $1.75 + $1.65 + $0.75 = $4.15.
Therefore, the relevant cost of manufacturing the motor to be considered in reaching the decision is $4.15.
Answer:
Nominal GDP for a given year is measured in dollars of that year, whereas real GDP is measured in dollars of some base year.
Explanation:
