Answer: Jeremy completed his engineering degree.
Explanation:
Since Jeremy has a college degree in engineering he makes more money than Rose who dropped out of college. College graduates are in higher demand to work the jobs that pay more than smaller companies. If Rose had of completed her college degree she could of found a job that uses her education and made more money.
Since Jeremy has a specific degree the company hired him based on his knowledge of the subject. He will be paid higher and most likely have better benefits than someone in an entry level position.
Answer:
$46.82
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = $3.06
Cash flow in year 2 = $3.42
Cash flow in year 3 = $3.78 + $56 = $59.78
I = 13%
Present value = $46.82
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The factors that can impact the elasticity of demand are:
necessity versus luxury
availability of substitutes
<h3>What is the elasticity of demand?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
The more close substitutes a good has, the more elastic its demand. This is because if price is increased, consumers can easily shift to the consumption of an alternative product.
Goods that are deemed as necessities usually have an inelastic demand. While goods that are deemed a luxury usually have elastic demand.
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
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