Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal
instalments. In the other case, we're told that the $80 million will be paid in 10 instalments, but the instalments will increase by 5% per year. Who got a better deal and why?
<span>You are paying 11% interest on a credit card balance of $2,000. => 2 000 * .11 = 220 dollars is the interest. Next is to total or sum up the amount to be paid. => 2 000 + 220 = 2220 dollars
A. By eliminating the effects of price increases on GDP growth. Nominal GDP is calculated using the current prices while Real GDP is adjusted for inflation.
The answer is a tape measure. <span>A </span>tape measure or measuring tape<span> is a flexible ruler and used to </span>measure<span> distance. It consists of a ribbon of cloth, plastic, fiber glass, or metal strip with linear-</span>measurement<span> markings.</span>
Profit maximization is one of the pillars of economic theory, explaining how companies seek to achieve a high level of profit to maximize their wealth and benefits, just as individuals do with their level of utility.
This concept is especially important in the microeconomic study, as it is a pillar of multiple economic models. This happens because maximizing the wealth or welfare level is a basic principle that companies follow when facing a certain economic activity. Profit maximization is the economic objective of companies, in order to increase the value of the company. This increase in the value of the company is what the shareholders and investors are looking for, which expect their investment in the company to be profitable.
