420 is what I got. if you do two divided by 120 it gives you 60 then 60 times 7 is 420.
Demand curve , is a inverse relationship between price and quantity
When collective decision making is utilized to resolve economic questions regarding the allocation of resources, the role of markets will be replaced by political decision making.
What is a collective decision?
When two or more individuals analyze, choose, or use a good or service, collective decision-making is taking place. Members participate in the decision-making process in both families and organizations in a variety of ways.
How do economists solve the problem of scarce resources?
The government decides what to produce and allocates the resources according to its decisions. Another method the governments use to solve the problem of scarcity is by raising prices, but they must make sure that even the poorest consumers can afford to buy it.
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Answer:
0.28 %
Explanation:
Property A:
Percentage change in prices= (New price – old price)/Old price
= (375000 – 350000)/350000
=.0714= 7.14%
Monthly percentage= 7.14/24= .2975%
Property B:
Percentage change in prices= (New price – old price)/Old price
= (340000 – 325000)/325000
= .0461= 4.61%
Monthly percentage= 4.61/18= .256%
As they have equal weightage= (.256 + .2975)/ 2
= .2767= .28%
The profitability index for the project which requires an investment of $1,400 and has a net present value of $400 with internal rate of return 12% is 1.286 (rounded).
<h3>What is net present value? </h3>
It is a method to calculate the current value of a future stream of payments from a company, project, or investment. To calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.
How to calculate the profitability index for the project?
First, we will use the net present value formula
NPV = Present value of inflows - present value of outflows
400 = present value of inflows - 1400
present value of inflows = 1400 + 400 = 1800
Next, we want to calculate the profitability index to answer the question
Profitability index = present value of inflows / present value of outflows
= (1800 / 1400)
= 1.286 (rounded)
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