To determine the quantity of any activity that will maximize total net benefit, economists employ the "<span>principle of marginal analysis"
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Answer:
Approximately 56 years and 3 months.
Explanation:
The formula to calculate this is the same formula we use for calculating the Future Value.
Future Value = Present Value ( 1 + i ) ^ n
175000 = 35000 ( 1 + 0.029 ) ^ n
Calculating for 'n',
We get the ' n ' as 56.29 years.
Hope this Helps.
Goodluck buddy.
Answer:
Interest rate= 17.3% per five years
Explanation:
Giving the following information:
A start-up company that makes robotic hardware borrowed $1.3 million.
The contract required the company to repay the lender through an innovative mechanism called "faux dividends," a series of uniform annual payments over a fixed period of time. The company paid $305000 per year for five years.
Interest rate= (305000*5)/1300000= (1.173-1)*100= 17.3% per five years
Mate your answer is B
Hope my answer helps you
Answer:
The correct answer is option E.
Explanation:
Income elasticity of demand measures the change in quantity demanded of a product because of a change in the income of the consumer. It is calculated as a ratio of change in quantity demanded and change in income.
At the income level of $300, the consumers buy 5 bars of chocolate. When the income increases to $330, the consumer buys 6 bars of chocolate.
The income elasticity of demand is
= 
= 
= 
= 
= 2
Since the income elasticity of demand is positive, this implies that chocolate is a normal good.
