Answer:
$5749.02
Explanation:
The first step is to determine the future value of my sister's deposit
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
5500 (1.088)^6 = $9122.97
the second step is to determine the present value of $9122.97 using an interest rate of 8%
$9122.97 / (1.08)^6 = $5749.02
Answer:
The correct answer is lower-class nonwhite.
Explanation:
The lower class is the poorest population segment of human society. It is characterized by having great gaps in its way of life and limitations in terms of access to economic resources. They are usually unemployed people, who do not own their own home or other goods or properties that are essential for living.
To this socioeconomic class belong people with very low educational levels, barely with primary education and some with secondary education. Some casual or independent workers also enter this class. Lower class families do not have good basic services in their homes.
Answer:
<h2>The Average cost usually decreases as the output expands.Hence,the answer in this case would be option c. or will always decrease as output expands.</h2>
Explanation:
- Fixed costs or expenses of production refers to those that are fixed or constant through out the production process or does not depend on the changes or adjustments in the actual output or production level.
- Some of the common examples of fixed cost of production include building rent,utility bills,land rent,insurance and interest payments.Note that these costs and expenses are fixed and unchanged and any firm or company has to pay them regardless of the production or output level.
- Now,since the average fixed cost of production is calculated by dividing the total fixed cost of production by the quantity of output produced by the firm at any particular period of time,the average fixed cost of production will decrease.As the output expands the denominator of the average fixed cost formula will increase but note that the numerator of the formula or the total fixed cost of production will always remain constant.Therefore,the average cost of production keeps decreasing with an increase in output or production level,signifying economies of scale.
Answer:
Option E : $9.75
Explanation:
As per the data given in the question,
The standard reaction function of industry = a-Cb ÷ 2b - 1 ÷ 2 × Qa
P = 30 - (Qa + Qb)
Here, a= 30
b= 1
C = 3
Leader's output (Qa) =( a + Cb - 2Ca ) ÷2b
= (30 + 3 × 1 - 2 × 30) ÷ 2×1
= 13.5 units
Reaction function of industry B,
Qb = 13.5 - 1 ÷ 2 × 13.5
Qb = 6.75 units
P = 30 - (13.5+6.75)
= $9.75
Hence Option E is answer.
