Which of the following is the formula for calculating compound interest?
a. Compound interest = Future Value – Present Value
b. Compound interest = Future Value + Present Value
c. Compound interest = Future Value – Principal
d. Compound interest = Present Value + Principal
a. Compound interest = Future Value – Present Value
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What is meant by product differentiation?
What will be an ideal response?
If the MPC = 0.9 and a household obtains $20,000 more dollars then how much would the household spend of the additional $20,000?
A. $20,000 B. $2,500 C. $18,000 D. $17,500
The multiplier is
A) the percentage of a given change in income that goes towards consumption. B) the number which is multiplied by an autonomous change which gives the change in the equilibrium level of real GDP. C) the part of consumption that is independent of the level of disposable income. D) the proportion of total disposable income that is consumed.
If the government charged a tax on monopolists equal to, say, 75 percent of their economic profits, what would happen to the level of output the firm would produce? What about the price? Explain