Answer: <em><u>Developers can spend $55316.9</u></em>
Explanation:
EAR =![[e^{Annual percentage rate} -1]\times 100](https://tex.z-dn.net/?f=%5Be%5E%7BAnnual%20percentage%20rate%7D%20-1%5D%5Ctimes%20100)
Effective Annual Rate=
Effective Annual Rate% = 9.42
![PV_{Ordinary Annuity} = C\times [\frac{(1-(1+\frac{i}{100} )^{-n} )}{(i/100)} ]](https://tex.z-dn.net/?f=PV_%7BOrdinary%20Annuity%7D%20%3D%20C%5Ctimes%20%5B%5Cfrac%7B%281-%281%2B%5Cfrac%7Bi%7D%7B100%7D%20%29%5E%7B-n%7D%20%29%7D%7B%28i%2F100%29%7D%20%5D)
where;
C = Cash flow per period
i = interest rate
n = number of payments
![PV = 3500\times [\frac{(1-(1+\frac{9.42}{400} )^{-5\times 4} )}{(9.42/400)} ]](https://tex.z-dn.net/?f=PV%20%3D%203500%5Ctimes%20%5B%5Cfrac%7B%281-%281%2B%5Cfrac%7B9.42%7D%7B400%7D%20%29%5E%7B-5%5Ctimes%204%7D%20%29%7D%7B%289.42%2F400%29%7D%20%5D)
PV = $55316.9
Its above the equilibrium price. Excess supply means they produced more than what people are demanding. So the bushel might be expensive for them and less people are buying it.
Answer:
Producer surplus
Neither
Consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.
1. Price = $149
least price seller was willing to sell his laptop = $140.
Hence it's producer surplus.
2. Price = $59
there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.
hence it's neither producer or consumer surplus
3. Price = $39
highest amount buyer was willing to buy = $46
Hence, it's consumer surplus
I hope my answer helps you
The fallacy of the statement
‘Your grandfather died in World War II; you of all people should support
veterans" is the support of the veterans. His grandfather was killed by the veterans and the narrator wanted
him to support the veterans. This is an example of persuading an argument that is not logical and invalid.
Can I get more information?
