Answer:
The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.
Answer:
The correct answer is letter "A" and "C": An increase in the family's car payment means the family will be unable to afford a vacation; A newer model offers better protection and functions but is more expensive than an older model.
Explanation:
Trade-offs are the result of comparing what must be acquired with what should be given up to satisfy most of a need. While selecting a new vehicle, a family must consider its capacity, size, and price. Besides, they will have to evaluate all the could be left behind for incurring such expenses like buying a new piece of furniture of use of most members of the family, remodeling part of the house or going on a family vacation.
Answer:
D
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Flying Car
Cash flow in year 0 = -$200,000
Cash flow in year 1 = 50,000
Cash flow in year 2 = 50,000
Cash flow in year 3 =80,000
Cash flow in year 4 =100,000
IRR = 13%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Answer:
r=20% or 0.2 %
Calculation:
Solving equation:
r = (1/10)((300000/100000) - 1) = 0.2
r = 0.2
Converting r decimal to R a percentage
R = 0.2 * 100 = 20%/year
The interest rate required to get a total amount, principal plus interest, of $300,000.00 from simple interest on a principal of $100,000.00 over 10 years is 20% per year.
The average number of years Kravonian college students remain enrolled before completing a degree has been increasing over the past several years.
Option B is correct
Explanation:
This one notes that years of enrolment for Kravonian students have been increasing over the past few years. As it has done for the last couple of years, the increase in enrolment will therefore have little effect on "Kravonians entering the labor market with a college degree."
Option A : Number of college degrees is clearly out of scope.
Option C : Percentage of population attending college in other countries is clearly out of scope.
Option D : Strengthens the argument.
Option E : Irrelevant
