Eight years ago, bravo company purchased land for $170, 000. the current fair market value of the land is $421,000. the rate of general inflation experienced during the 8-year period has averaged 10% per year. at the time the land was purchased, bravo intended to hold it for 20 years. at what amount should the land be carried on bravo's books today

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?