Two options, X and Y, are available to solve an occurring problem. Option X provides a temporary solution for 5 years. It requires $1,000,000 initial investment, but results in a savings of $60,000 after six months and will be increased $25,000 each six months thereafter. Option Y provides a permanent solution. It requires $2,000,000 initial investment, but results in a savings of $120,000 every six months for an infinite amount of time. Assume the analysis period is infinitely long. Which option do you choose based on EUAW analysis at an interest rate of 10% compounded semiannually

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.