When demand curves intersect, the curve with the larger slope in absolute value (the steeper demand curve) is more elastic?

What is your opinion on the saying "If it doesn't challenge you, it doesn't change you"?

yawa3891 [41]

Answer:

I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.

5 0

3 years ago

You are saving for retirement. To live comfortably, you decide you will need to save $ 4 million by the time you are 65. Today

olasank [31]

Answer: $50,846.3701

Explanation:

Need to save $4 million to live comfortably,

Interest rate, r = 3%

N = 40 years

$Present\ value=\frac{FV_{N} }{(1+i)^{N}}$

$Present\ value=\frac{4,000,000 }{(1+0.03)^{40}}$

$Present\ value=\frac{4,000,000 }{3.262}$

= 1,226,241.57

$Present\ value\ of\ annuity= C\times\frac{1}{i}\times(1-\frac{1}{(1+i)^{N}}) + C$

$1,226,241.57= C\times\frac{1}{0.03}\times(1-\frac{1}{(1.03)^{40}})+C$

$1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]$

$1,226,241.57=24.1166\times C$

$C=\frac{1,226,241.57}{24.1166}$

= $50,846.3701

Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.

7 0

3 years ago

A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is

elena-s [515]

Answer:

Broker must obtain the signature of the seller to effect a contract.

5 0

2 years ago

Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.06 direct labor

Phoenix [80]

Answer:

Results are below.

Explanation:

Giving the following information:

Each unit of output requires 0.06 direct labor-hours.

The direct labor rate is $8.00 per direct labor-hour.

The production budget calls for producing 5,300 units in June and 5,800 units in July.

<u>Direct labor budget June:</u>

Direct labor hours= 5,300*0.06= 318

Direct labor cost= 318*8= $2,544

<u>Direct labor budget July:</u>

Direct labor hours= 5,800*0.06= 348

Direct labor cost= 348*8= $2,784

3 0

3 years ago

How experiences will help in picking a career?

alexdok [17]

Answer:

well to be honest the more you are focused and stuff and get used to like any subject that can help you in the near future.

Explanation:

3 0

2 years ago

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When demand curves​ intersect, the curve with the larger slope in absolute value​ (the steeper demand​ curve) is more elastic?

When demand curves intersect, the curve with the larger slope in absolute value (the steeper demand curve) is more elastic?