Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $ 8 comma 000 in the first year, and will grow by 5% per year, forever. If the interest rate is 11%, how much must Martin provide to fund this bequest?

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Which feature is a characteristic of a corporation?