PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 1.A, Problem 1A.6CC
To determine

Estimate the break – level of monthly call volume.

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Suppose that a salesperson has the following contract relating monthly sales, S, to her monthly pay, P. She is given a basic monthly amount of P30,000, regardless of her sales level. On the first P500,000 of monthly sales, she earns a 10% commission. On any additional sales, she earns a commission of 20%. Find and graph the function relating her pay to sales, P(S),S > 0 b. Determine the point of non-differentiability of P(S) and explain why this is so. а.
A financial institution is willing to lend you $2,000. However, you must repay $2,008 at the end of week one. What is the interest rate per week?
How long will it take for a lender to discount P75, 000 by 11.45% in order to gain P10, 500 as his earnings?
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