answer questions 1 and 2 You have $ 16,400 to invest today.The annual rate of interest is 8.1%Consider what your investment will be worth in 2 years.1. At the end of the story, how much more would you have ifcompounding was every six months rather than annually?A Between 40.0 and 52.0B Between 52.0 and 64.0C Between 64.0 and 76.0D Between 76.0 and 88.02. At the end of the story, how much more would you have ifcompounding was monthly rather than just annually?A Between 40.0 and 66.0B Between 66.0 and 82.0C Between 82.0 and 98.0D Between 98.0 and 114.0

Look at the detailed analysis of the two question sin the explanation section below;Explanation:1.…

Answered: You have $ 16,400 to invest today. The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Hayfever Farms is an 80‑acre hay farm in Colorado. Due to the legalization of marijuana production in the state, the owners are considering changing the farm's name to Blissful Acres and growing marijuana instead of hay. Use the information presented in the table to answer three questions. Number of acres MC $ MR $ (hay) MR $ (marijuana) 10 320 730 5,600 20 200 730 5,600 30 540 730 5,600 40 730 730 5,600 50 1,200 730 5,600 60 3,200 730 5,600 70 5,600 730 5,600 80 6,700 730 5,600 If they continue to grow only hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? area devoted to hay:_______ acres If the owners decide to only grow marijuana, how many acres should Blissful Acres devote to growing marijuana in order to maximize profits? area devoted to marijuana:_______ acres Which outcome likely happens due to the legalization of marijuana production and consumption? The number of growers…
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