Answer:
a. provide cheap electrical power in competition with private industry.
Explanation:
Tennessee Valley Authority gained popularity in America because of the project they initiated among the American citizens. They initiated the program of providing low cost electricity to the people. They gave jobs that had good wages to the people who took part in the process of installing the low-cost electricity. The electricity was provided to the place that was deprived of electricity. This initiative led the agency shine among the people of America.
<span>Formula of Comound Interest will help you. Here is the formula :
So : savings you placed
Sf : savings you get after years
r : rate
n : years
Sf = So x (1+r)^n
Here we try to get "n" so that Sf = 2So.
"n" is a math power, if you want to get it, you should use Logarithm and transform the equation :
Sf - So = (1+r)^n
Then, you isolate "n" and by doing that, every other equation's terms will be expressed in Logarythm :
n = (log sf - log so) / (log 1 + r)
Example : you have 10$, you want 20$ with 7.2% interest (Any other amount will match) :
n = (log 20 - log 10) / (log 1.072)
n = 0.301029 / 0.030195
n = 9.9696
You will need 9.9696 years. So (0.9696*365)/1 = 9 years, 11 months and 19 days.</span>
Answer:
B. You made a profit of $75.00
Explanation:
shares x ( sale - buy)
20 shares x ( 35 & 1/4 - 31 & 1/2)
20 x (35.25-31.5)
20 x 3.75 = 75
The difference between purchase and sale price is positive, so eahc share yields a gain of $3.75
We multiply this by the amount of shares to determiante the gain
Answer:
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.
Explanation:
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price.
In game theory, economic participants are referred to as "players". Game theory consists in the use of mathematical models in order to predict the behaviour of rational decision-makers in cooperative and competitive environments.
