Answer: 5
Explanation:
From the question, we are informed that the marginal cost is constant and equal to 50 and marginal revenue equals 100 - 10Q.
For a profit-maximizing monopolist, we should note that the marginal revenue will be equated to the marginal cost. Therefore:
100 - 10Q = 50
100 - 50 = 10Q
50 = 10Q
Q = 50/10
Q = 5
Therefore, a profit-maximizing monopolist will set quantity equal to 5.
Business insurance protects a business from closing due to a catastrophic loss.
Given:
<span>5-year CD for $6800 with an APR of 2.8%, compounded quarterly,
Pretermination - 9 months early.
Pretermination fees - The early redemption fee for the CD is 3 months' interest on the original principal.
To get the periodic rate, APR must be divided by the number of days either 360 or 365 then multiplied by 30 for monthly rate.
2.8% / 360 = 0.0078%
0.0078% x 30 = 0.2333%
0.2333% x 3 = 0.70% PERIODIC RATE (QUARTERLY RATE)
5 years * 4 quarters = 20 quarters
9 months * 1 qtr/ 3mos = 3 quarters
20 quarters - 3 quarters = 17 quarters that Laurie kept her CD.
A = P(1+r/n)^nt
A = 6,800 (1+0.007)^17
A = 6,800 (1.1259)
A = 7,656.1408 - Value of Laurie's money before pretermination
Interest earned: 7,656.1408 - 6,800 = 856.1408
Early redemption fee: 6,800 x 0.7% = 47.60
Net interest earned: 856.1408 - 47.60 = 808.5408 or 808.54
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First to get the answer your self all you need to do is divide 7 in to how many hours then boom you got the answer
The answer is B - this is how Barry splits his time.