When a firm operates under conditions of monopoly its price is:?

1 answer:

4 0

Havent you played monoply?

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Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

We have given amount invested P = $440000

Rate of interest r = 8.3%

Time t = 1 year

As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest $r=\frac{1}{365}=0.00273$ %

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We know that final amount is equal to $A=P(1+\frac{r}{100})^n$

So $A=440000(1+\frac{0.00273}{100})^{365}=444422.01$ $

So the cash award will be equal;l to $444422.01

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