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Selling price of car is $10,000 and variable cost is $7,000. It uses 800 kg of steel which is in short supply. Selling price of

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Selling price of car is $10,000 and variable cost is $7,000. It uses 800 kg of steel which is in short supply. Selling price of truck is $18,000 and variable cost is $13,000. It uses 1500 kg of steel which is in short supply. Determine which vehicle you will produce supporting it with calculations. Your answer 1. Say you will receive a gift of $1,500 in 4 years. If the interest rate is 2%, what is the present value of this gift today? 6:35 PM

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