Life expectancy for both employees is 15 years after age 65. If the firm buys an annuity from an insurance company to fund each pension and the insurance company asserts it is able to earn 9% on the funds invested in the annuity, what is the cost (or the $ amount required) to purchase the annuity contracts today? (Solve for PV)

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.