A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso
1 answer:
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Answer:
11.68 years
Explanation:
For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:
Given that,
Present value = $11,000
Future value = $19,000
Rate of interest = 6.5%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 8.68
Now after 3 years, it would be
= 8.68 + 3
= 11.68 years
Answer:
more workers are willing to work as the market wage increases.
Explanation:
IF the labour supply curve is upward sloping, its that means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work
Please check the attached image for a upward sloping labour supply curve
