What explanation might an economist provide why some people smoke cigarettes when such behavior can lead to health consequences?
Some people likely smoke cigarettes because they overvalue the utility from current choices. Although these people know they are smoking cigarettes which can lead to cancer, the benefits they feel they are receiving from them are valued higher than the consequences they may receive.
Great Sphinx of Giza. The Great Sphinx of Giza (Arabic: أبو الهول Abū al-Haul, English: The Terrifying One; literally: Father of Dread), commonly referred to as the Sphinx of Giza or just the Sphinx, is a limestone statue of a reclining sphinx, a mythical creature with the body of a lion and the head of a human.
Answer:
The present value of dividend to be paid at the end of year 1, year 2, and year 3 are $2.60, $2.95, and $2.84 respectively.
Explanation:
The end of the year dividend is $3 per share.
The dividend growth rate is 20%.
The discount rate is 15%.
PV of dividend to be paid at the end of year 1
= 
= 
= 
=$2.60
PV of dividend to be paid at the end of year 2
=
=
=
=$2.72
PV of dividend to be paid at the end of year 3
=
=
=
=$2.84
Answer:
BEP 378,000
Explanation:



60 - 24 = 36 contribution margin
every units contribution $36 dollars
36 / 60 = 0.6 CM ratio
each dollar of sale generate 60 cents of contribution
226,800 fixed cost / 0.6 CMR = 378,000 BEP in dollars
Health Science Career Cluster