The Time Required to Double the Amount of an Investment $t = \frac { \ln 2 } { r }$

question 30

Short Answer

The time required to double the amount of an investment at an interest rate r compounded continuously is given by $t = \frac { \ln 2 } { r }$
Find the time required to double an investment at 4%, 5%, and 6%.

Interpret graphical data related to revenue and pricing in monopolistic contexts.

Understand the relationship between price, marginal revenue, and demand for a monopolist.

Comprehend the pricing and output decisions of non-discriminating and discriminating monopolists.

Understand the impact of demand elasticity on a monopolist's production decisions.