Answer:
b both milk and bread are normal goods.
Explanation:
Jessica's demand for bread and milk increased as her income increased. This implies that both milk and bread are normal goods.
A normal good is a good for which demand increases as income rises and demand decreases as income falls.
The price should you be willing to pay for this stock is $24.86
<h3>Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type. What price should you be willing to pay for this stock?</h3>
A) $12.50.
B) $24.86.
C) $43.48.
D) $57.50.
Solution:
The price that will be paid for this stock can be calculated as follows:
50= x (15/100^5)
50= x (0.15+1^5)
50= x (1.15^5)
50= 2.0113x
Divide both sides by the coefficient of x
= 50/2.0113
= 24.86
Thus, the price that will be paid for the stock is $24.86
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Answer:
The correct answer is b) informational
Explanation:
The informational appear allows to show and explain detailly to customer the features and benefits that a product can gives. It is used to persuade the customer to purshase a specific product or service.
