I THINK IT IS c . i HOPE IT HELPS
Answer:
PV= $48,295.99
Explanation:
Giving the following information:
Future Value (FV)= $150,000
Number of periods (n)= 10 years
Interest rate (i)= 12% = 0.12
<u>To calculate the initial investment (PV), we need to use the following formula:</u>
PV= FV / (1+i) n
PV= 150,000 / (1.12^10)
PV= $48,295.99
Answer:
The slope of indifference curve is 7.
Explanation:
The marginal utility of good Y = 2X^2
The marginal utility of good X = 4XY
Given Y = 7
X = 2
The slope of the indifference curve is otherwise termed as the marginal rate of substitution. So, we can find the slope by dividing the marginal utility of Y by the marginal utility of X.
Slope = MUx / MUy
= 4XY / 2X^2
= 4Y / 2X
Now insert the value of X and Y.
= (4×7) / (2×2)
= 28/4
= 7
Hence the slope of the indifference curve is 7.
Answer:
The money paid; overall sacrifice
Explanation:
Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.
Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.
Prices can be affected by demand or supply of goods.
If the demand for a product is higher than its supply, then price of the product will increase.
If the supply of a product is higher than its demand, then price of the product will fall.
Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.
Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.
Producers tend to maximize Profit by selling more quantity of goods at a higher price.
Price is the major determinant of how much to demand and how much to supply at a point in time.
Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.
Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.
In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.
A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.
One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.
Learn more about specialization here
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