Answer:
The future value of a 18-year annuity of $2,000 per period where payments come at the beginning of each period is $59,078.
Explanation:
We apply the formula to calculate future value of annuity to find the future value of 18-year annuity as at the beginning of year 18 ( because payment comes at the beginning of the year):
2,000/5% x (1.05^18 -1) = $56,264.77.
We further compound the future value of 18-year annuity as at the beginning of year 18 for one period to come up with the future value of this annuity as at the end of 18 year time:
56,264.77 x 1.05 = $59,078.
So, the answer is $59,078.
At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.
For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.
Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.
The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.
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Answer:
The answer is "4200"
Explanation:
Please find the complete question in the attached file:
Calculating the variable cost in km:
Calculating the fixed cost:
The correct option is C) Act. Act is the sixth phase of the data analysis process.
<h3>What is the act in the data analysis process? What are the other steps involved in it?</h3>
The sixth step of the data is to act. It will provide the recommendations or solutions to the team and stakeholders for solving the business problems and makes the good decision.
Data analysis process involves the defining of the question, collection, cleaning, analyzing of the data and sharing the results.
Basically, it helps the business in making the informed and sound decisions.
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