E. Line.......! <---------->
Answer:
5.73 years
Step-by-step explanation:
Considering she saved 4.25% in each year of the amount $15000.
So, we have to calculate in what time her saving reaches $1275, if she save each year.
it becomes question of simple interest in which
SI = $1275, Principal P= $5000, time T, rate R = 4.25%
we know SI = PRT/100
1275 = 5000×4.25×T/100
⇒T = 1275×100/(5000×4.25)
⇒ T= 5.73 years
Answer:C. competitive firms' profits are zero.
Step-by-step explanation: Perfect competition is the highest level of competition where the number of buyers and sellers are large,all firms are price takers,no government intervention,the products are homogeneous,no firm makes extraordinary profits, there is free entry and exit for buyers and sellers etc.
IN THE LONG RUN A PERFECTLY COMPETITIVE FIRM MAKES ZERO PROFITS.
