You are given two offers for a monthly wage. Option A is to be paid one cent on the first day of the month, with your wages doubling each day (2 cents on day 2, 4 cents on day 3, 8 cents on day 4, etc.) for the rest of this 30 day month. Option B is to be paid $1 on the first day of the month, with your wages increasing $100 each day ($101 on day 2, $201 on day 3, $301 on day 4, etc.). Which option will give you more money by the end of the month? Make sure to support your answer.
2 thoughts on “You are given two offers for a monthly wage. Option A is to be paid one cent on the first day of the month, with your wages doubli”
Leave a Comment
You must be logged in to post a comment.
Step-by-step explanation:
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.
Answer:
Brahmin (/ˈbrɑːmɪn/; Sanskrit: ब्राह्मण, romanized: brāhmaṇa) are a varna (class) in Hinduism. They specialised as priests (purohit, pandit, or pujari), teachers (acharya or guru), ayurvedic physicians and protectors of sacred learning across generations.[1][2][3]
The traditional occupation of Brahmins was that of priesthood at the Hindu temples or at socio-religious ceremonies and rite of passage rituals such as solemnising a wedding with hymns and prayers.[2][4] Theoretically, the Brahmins were the most respected of the four social classes.[5] Their livelihood is prescribed to be one of strict austerity and voluntary poverty (“[A Brahmin] should acquire what just suffices for the time, what he earns he should spend all that the same day”).[6] In practice, Indian texts suggest that some Brahmins became agriculturalists, warriors, traders and had also held other occupations in the Indian subcontinent.[4][7][5]