Happy Trails, a bicycle rental company, is considering purchasing three additional bicycles. Each bicycle would cost them $249.66 . At the end of the first year the increase to their revenues would be $140 per bicycle. At the end of the second year the increase to their revenues again would be $140 per bicycle. Thereafter, there are no increases to their revenues. At which of the following
interest rates is the sum of the present values of the additional revenues closest to the price of a bicycle?
a. 5 percent
b. 6 percent
c. 7 percent
d. 8 percent
d
Economics
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Which of the following expressions must be equal to national saving for a closed economy?
a. Y - I - G - NX b. Y - C - G c. Y - I - C d. G + C - Y
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Demand is inelastic if
A. the quantity demanded does not change very much even if the price changes dramatically. B. the demand curve is bowed inward. C. the quantity demanded changes along with the price. D. the demand curve is bowed outward.
Economics