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kvasek [131]
3 years ago
10

Provide examples of each: consumer durable goods, consumer nondurable goods, and services.

Business
1 answer:
belka [17]3 years ago
3 0

Answer:

Consumer durable goods: cars, departments.

Consumer nondurable goods: canned food, clothes.

Services: cable, internet, energy and water.

And the correct answer is the option A: A new Ford Fiesta.

Explanation:

To begin with, the durable goods in the microeconomics theory are those that do not wear out with one ot two uses, but instead it actually has a long life with multiple uses. It does not mean that those goods stay forever new. Meanwhile the nondurable goods are those that do wear out after one or two uses of the good and the most common example of that is the food and the clothes. Finally, the services are those that the people ask for in the case they want and specific situation to happen to them, like to have water, to have cable and internet, etc.

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If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
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Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

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Substituting the values in the formula

44,089.92= 35,000(1+0.08)^n

\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

\Rightarrow(1.08)^n = 1.259712

\Rightarrow (1.08)^n=(1.08)^3

\therefore n= 3

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