Answer:
$201,866.28
Explanation:
Using a financial calculator, input the following to calculate the the amount that would be required today to meet the goal; calculate present value (PV).
Future value ; FV = 1,000,000
Recurring payment PMT = 0
Total duration of the investment ; N = 8
Annual interest rate; I/Y = 9%
then compute the present value ; CPT PV = $501,866.28
Since she already has $300,000, find the balance;
Additional money needed = $501,866.28 -$300,000 = $201,866.28
Answer:
Malthus
Explanation:This would be a very long explination; however, the answer is Malthus.
Answer:
elastic, because many other firms produce the same standardized product
Explanation:
A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.
A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.
A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.
I hope my answer helps you.
Answer:
Yes because a person with a lower income may tend to spend a greater share of his income on gasoline
Explanation:
For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.
Low income individual earnings after tax deductions= $400
High income individual earnings after tax deductions= $800
