Refer to the table below. What is the present value of the entire stream of payments?
The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $1,000 is made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.
A) $9,800.14
B) $9,500.23
C) $9,886.70
D) $10,500.56
C) $9,886.70
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Refer to the figure below. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?
A. ?A > ?B > ?C B. ?A > ?C > ?B C. ?B > ?C > ?A D. ?C > ?B > ?A
Assuming that bus travel is an inferior good, a decrease in consumer income, other things being equal, will cause
a. a downward movement along the demand curve for bus travel. b. no change in the demand curve for bus travel. c. an upward movement along the demand curve for air travel. d. a rightward shift in the demand curve for bus travel.
“Gathering economic facts is futile unless accompanied by economic analysis.” Explain
Please provide the best answer for the statement.
Investment expenditures consists of
A) Purchase of farmland. B) Construction of office buildings. C) Construction of new roads and bridges. D) All of the above.