Answer: $23,888
Explanation:
The cost today for a freshman at a public university is $19,500.
Inflation is at 7% a year and the period is 3 years from now. It is best to use a future value formula:
= Fees * ( 1 + rate) ^ number of years
= 19,500 * ( 1 + 7%)³
= 19,500 * 1.225043
= $23,888
Correct question:
A winning formula for many ________ brands is craftsmanship, heritage, authenticity, and history, often critical to justifying a sometimes extravagant price.
A) design
B) non durable
C) durable
D) ingredient
E) luxury
Answer:
E, luxury
Explanation:
When a product is being purchased irrespective of it price, the manufacturer is said to have found a winning formula.
from the above question, a luxury item that is authentic with an history behind it as well as exccellenct craftsmanship amongst other things ensure that the item is continually sold no matter what price it is.
Cheers.
Answer:
Marginal benefits and marginal costs.
Explanation:
Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.
In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.
Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.
Hence, both public and private goods have their own importance in the economy.
To learn more about public and private goods here:
brainly.com/question/15176802
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