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2 years ago

Ownership is held in ________ when all the rights of ownership in a particular piece of property are held by one person

1 answer:

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Ownership is held in Severalty Ownership when all the rights of ownership in a particular piece of property are held by one person.

When a single person, business, or other entity owns the property, this is known as Severalty Ownership. The name of the phenomenon refers to the cutting off of a solitary owner from other owners' rights to ownership.

The property's owner in severalty is the only person with ownership rights, and they are also the only ones with the authority to sell, bequeath, encumber, or otherwise transfer all or any portion of those rights to another person.

Those parties are known as co-owners or concurrent owners when they hold title to a piece of real estate jointly or severally. Depending on the state, co-owners may own a property as tenants by the entirety or communal property if they are married or part of a legal civil union.

To learn more about Severalty Ownership refer to:

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A change in income preferences or prices of other goods or services leads to a that causes a:______

exis [7]

Answer:

change in demand; shift of the demand curve.

Explanation:

We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income

In mathematically,

Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)

By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve

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4 years ago

Raul recently started a real estate company with a unique way of presenting a menu of services, each with a fixed price, rathe

Zigmanuir [339]

Answer:

small business

Explanation:

Based on the company specifications that is provided about Raul's company the most appropriate representation of his firm would be a small business. This is the case because a small business is categorized as any business with one owner controlling and running a business with less than 100 employees. Seeing as Raul only has 21 brokers employed and is planning to expand his model nationally but has NOT yet done so, then he is the owner of a small business.

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4 years ago

Samantha wants to invest her funds and is seeking professional expertise for making investment choices for her. Which investment

lbvjy [14]

The answer is "A. Mutual funds".

A mutual fund is a professionally overseen investment support that pools cash from numerous speculators to buy securities. These speculators might be retail or institutional in nature.

Mutual funds have points of interest and drawbacks contrasted with direct putting resources into individual securities. The essential favorable circumstances of mutual funds are that they give economies of scale, a larger amount of broadening, they give liquidity, and they are overseen by expert financial specialists. On the negative side, financial specialists in a mutual funds must pay different charges and costs.

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3 years ago

Bill Blum insured his hardware store with a fire insurance policy for $88,000 at a cost of $0.84 per $100. Ten months later his

Dovator [93]

Answer:$616

Explanation:

The insurance policy is a policy on an annual basis in which premium are paid in advance to enable the insurance firm to provide cover for the clients.

Cost of insurance

$0.84* ($88000/100)

= $732.92 per annum

However since the insurance was cancelled after 10 months he will only be responsible for 10 months.

$739.2/12*10

=$616

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3 years ago

Agricultural output is affected by the weather. Excessively high temperatures and a lack of rainfall are detrimental too crop yi

Dimas [21]

Answer:

Scenario:

1. Agricultural output is affected by the weather.

2. Excessively high temperature + lack of rainfall = less crop yields.

3. Farmers desire to maximize crop yields under the best growing conditions and accept whatever the weather offers.

4. For a particular crop, actual yield < desired yield.

Solution:

1. Conditions for less than desired yield to be beneficial for farmers revenue:

a) Higher market demand: The market demand for the crop this year may be far higher than the supply since the yield is less than desired.

b) With market demand outstripping supply, price for the crop will skyrocket, according to the law of demand and supply.

c) Total revenue may become more this year, given the increased demand, less supply, and increased price per unit.

2. a) The surprising result is possible, because more people will want to buy the crop. The total quantity they may require will be higher than the actual quantity available for sale. The sellers will take advantage of this situation to raise the price per unit.

b) For example, yam tubers cost $2 per pound last year. The total pounds of yam produced was 200 pounds. The total revenue for all sellers would not exceed $400 ($2 * 200 pounds). If the yam produced this year is 50 pounds and the price per pound is $10. The farmers revenue will be $500 ($10 * 50 pounds). With this hypothetical example, it can be clearly seen that total revenue increased by $100 despite the reduced crop yield.

Explanation:

What is operational here is the economic law of demand and supply. The law states that when the demand is higher than the supply, the price will be higher. On the other hand, when the supply is higher than the demand, the price will be lower. Equilibrium price is achieved when demand equals supply, all things being equal.

All things are equal when there is a perfect market with information available equally to sellers and buyers. This enables transactions to be carried out at an arm's length between knowledgeable buyers and sellers. The implication is that buyers and sellers do not take advantage of the other party to cheat on price or act on a cartel basis.

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3 years ago