Refer to the table below. What is the value of A plus B (A + B) or the present value of the first two 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) $970.87
B) $1,956.12
C) $2,384.77
D) $2,256.98
C) $2,384.77
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What will be an ideal response?
The Laffer curve is a relationship based on the presumption of an indirect relationship between government tax rates and gross domestic product (GDP)
Indicate whether the statement is true or false
A closed shop is one in which
A) a union is prohibited. B) some members belong to the union while others do not. C) belonging to a union is a condition of employment. D) the union is a co-manager of the day-to-day operations of the firm.
As the firm in the diagram expands from plant size #1 to plant size #3, it experiences:
A. diminishing returns.
B. economies of scale.
C. diseconomies of scale.
D. constant costs.