As a person becomes more educated, the person may gain more money while working or applying to jobs and will gain more knowledge of their surroundings.
Answer:
a collection of screen names, like on your phone where you keep all your friends' phone number
<span>Marginal pruduct of first worker is 3 yards. Marginal product of second worker is 4 yards. Marginal product of third worker is 5 yards.The marginal product of labor potentially increases due to specialization.</span>
Answer:
PV Index = 1.158
Explanation:
Present value index is the ratio of discounted cash flows of the project divided by initial outlay required for the project thus first we calculate the Present Values for Investment B
Present value factors @ 12% for year 0, 1, 2, 3, 4 respectively.
1
0.893
0.797
0.712
0.636
Net Present Value = -9000 + (5000 * 0.893) + (4000 * 0.797) + (3000 * 0.712) + (1000 * 0.636)
NPV = $1425
Present value Index = NPV / Initial investment = 1425/9000 = 0.158
This can be interpreted as 1 + 0.158 = 1.158,
1 being the initial investment. You can also choose not to subtract the initial outlay when calculating NPV.
Hope that helps.
