You Want to Send Your Grandchild to a Very Prestigious

question 1

Multiple Choice

You want to send your grandchild to a very prestigious university.You heard that a college education will cost $800,000 in 18 years.If you invest $10,000 at the end of each year,what IRR will you need in order to reach your goal of $800,000?

• A)12.46%
• B)15.52%
• C)13.65%
• D)18.00%

Understand the comparative focus of social media and news media on different issues.

Grasp the concepts of selective understanding, exposure, and remembering in media consumption.

Recognize the impact of agenda-setting, framing, and cultivation theory on public perception and media effects.

Identify different theories related to media influence, including mass society theory and spiral of silence.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service.

Marginal Revenue

The additional income that an organization receives from selling one more unit of a product or service.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the financial gain exceeding the opportunity costs of resources.

MR = MC

An economic principle stating that the maximum profit occurs where marginal revenue equals marginal cost, guiding firms on the optimal level of output.