Congratulations, you just won a "million dollar" jackpot! With the first payment to be received immediately, you will receive $100,000 each year for the next nine years. What is the present value of your jackpot if you assume an interest rate of 4%? What if you assume an interest rate of 6%? Did you actually win one million dollars? Explain.
Answers: 1
Business, 22.06.2019 11:40
Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
Answers: 3
Business, 22.06.2019 19:30
John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.
Answers: 1
Business, 23.06.2019 00:00
Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
Answers: 2
Congratulations, you just won a "million dollar" jackpot! With the first payment to be received imme...
Mathematics, 18.07.2020 21:01
Physics, 18.07.2020 21:01