Answer: 35 years
Explanation:
Where,
A - the ending amount,
P - the beginning amount (or "principal")
r - the interest rate (expressed as a decimal)
n - the number of compounding a year
t - the total number of years
n=1, t=?, P = $50,000, r=0.09, A= $1,000,000
Therefore,
Taking log on both sides
log(20) = t log(1.09)
1.30103 = 0.0374264979 t
t = 34.7622
So answer is 35 years.
Answer:
Corporation
Explanation:
The stockholders of then firm want to start a Corporation ,
Corporation -
It is the group of people or an organisation , which is authorized by the state
as a single association .
The stockholders want to start a steel company , but have limited liability . Hence ,
They started the process after the completion of the plan , and payed the fees to the state government .
Answer:
it is not allocatively efficient
Explanation:
Monopoly is a market condition where one seller has all the market share. This leads to an inefficient market structure, an increase in the prices of goods and services and abnormal profits. A problem with adopting a fair return polity for a natural monopoly is that it is not allocatively efficient. In a monopoly, goods and services are not produced to help the economy or people.
Thank you! Happy New Year’s Eve
To return something and get money back
