If Jenn Could Get a 10 Percent Annual Return on Her

question 22

Multiple Choice

If Jenn could get a 10 percent annual return on her investment holdings,how long would it take for her to double her money?

• A)7)3 years
• B)6)9 years
• C)10.0 years
• D)83.5 years

---

Definitions:

Berries

Tiny, succulent fruits that are usually eatable, often having a juicy texture, spherical shape, vivid colors, and a flavor that ranges from sweet to sour.

Perfect Substitute

Goods that can be used in place of one another with no loss of utility to the consumer.

Utility Function

A mathematical representation of how consumers rank different bundles of goods based on the level of satisfaction or utility those goods provide.

Indifference Curve

A graphical representation showing combinations of goods or services among which a consumer is indifferent, depicting preferences for consumption bundles.