The present value of the investment is $5,658.29.
The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.
Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62
Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67
Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29
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The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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What is the lettuce market?</h3>
- Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
- Since colonial times, lettuce has been farmed in the United States.
- The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
- Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
- In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
- Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.
As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
Answer:
C. decrease
Explanation:
In the case when the money demand and the money supply model is used so the open market purchase would result the interest rate of equilibrium to decrease as if there is an open market purchase so it rise the money supply due to which the supply curve of the money move shiftward
Therefore the rate of interest should be decreased
Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.
