the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Explain the relationship between consumers and producers in economic growth and activity

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?