Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pirex pirex
wrote...
Go to Answer
Posts: 634
Rep: 13 1
6 years ago
Consider a wine maker who has put her wine in bottles. The question is whether to store the wine for a marginal cost of $1 per year or to sell the wine today at a price of $10. If the interest rate is 6%, how much must the price of the wine increase in the next year to justify storing it?
A) $1.66
B) $1.27
C) $0.72
D) $0.45
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 122 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
Replies
Answer verified by a subject expert
LBCeaLBCea
wrote...
#1
Top Poster
Posts: 1248
Rep: 10 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pirex Author
wrote...

6 years ago
Smart ... Thanks!
Holly72492
wrote...

Yesterday
This site is awesome
riptide
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1577 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 208
  
 183
  
 308
Your Opinion
Previous poll results: How often do you eat-out per week?