On august 1, 1958, first-class postage for a 1-ounce envelope was 4 cents. on august 1, 2007, a first-class stamp for the same envelope cost 41 cents. what was the annual compound increase in the cost of first-class postage during the 49-year period?

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)

Afarmer is an example of what kind of producer?

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries