Cast Out Co

question 72

Multiple Choice

Cast Out Co.invested $16,200 in a project.At the end of two years,the company sold the project for $23,800.What annual rate of return did the firm earn on this project?

• A)46.91%
• B)38.20%
• C)21.21%
• D)18.67%
• E)31.93%

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Definitions:

Government Revenue

The income received by the government from taxes, fees, fines, and other sources.

Specific Tariff

is a fixed fee imposed by a government on imported or exported goods, based on the quantity of the goods rather than their value.

Imported Good

A product or service that is brought into one country from another country for the purpose of sale or use.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.