If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of seven years with annual compounding?
A) (106)7.
B) 7 ? (106).
C) 100 ? (1.60)7.
D) 100 ? (1.06)7.
D
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Can an unregulated monopoly make an economic profit in the long run? Explain your answer
What will be an ideal response?
If a firm's fixed cost exceeds its total revenue, the firm should stop production by shutting down temporarily
Indicate whether the statement is true or false
Suppose Chip's Chips produces bags of potato chips. An example of a fixed cost for this company would be:
A. a potato peeling machine. B. the factory building. C. the deep fryer. D. All of these are examples of fixed costs.
Why are cows and chickens less prone to becoming extinct?
a. They are usually consumed in huge numbers b. They are mainly privately owned c. They are a part of common resources d. Poaching these animals for their meat is banned by the government e. They are not used for commercial purposes