Answer: Physiological needs
Explanation: As per maslow's theory every individual have five stages of needs and those should be satisfied in that order only. The first stage in the hierarchy is physiological needs.
In simple words, these needs refers to the factors that are essential for the existence of an individual like food, water, shelter and clothes etc.
In the given case, Lamar is not interested in any kind of recognition as he is merely fulfilling his physiological needs.
Answer: A target price for farm crops is an example of price floor because it’s fixed ahead of harvests with the interest of farmers in mind.
Explanation: A quick definition of both concepts would be of help. A price floor is usually fixed by government legislation and it ensures that the price of a commodity or service does not fall below a certain minimum. In the case of farm crops, a floor price makes sure that the farmers are guaranteed a level of profit in case there is poor harvest for any reason whatsoever. The price floor must be fixed above the equilibrium price for this to be effective.
A target price is an expectation of the future price of commodities or services, and hence prices are fixed ahead of the harvest in the case of farm crops. This is so because as explained earlier, future conditions might change and become unfavorable, therefore making the current market price unprofitable for farmers. If for example, a sack of potatoes currently sells for $30, the government may fix the price floor ahead of the harvest season at $45 per sack. This implies that after harvesting farmers can still sell at $30. However if the harvest turns out to be bad perhaps due to natural disasters, pests or fungal attacks, etc, then the farmers can go ahead and sell at $45 and possibly higher. No farmer is allowed to sell below $45 (since that is the ‘floor’). That way, farmers would still have some profit guaranteed and would be encouraged to remain in the farming business.
Answer:
A notice of cessation
Explanation:
A notice of cessation is a written notice that is issued by the contractee or the owner of a project (or his or her agent) to inform concerned parties that no work has been performed at the project site for a certain period. This notice also sets the time frame within which the affected parties may carry out their lien rights against one another
Answer:
that resources are perfectly shiftable from the production of one good to another.
Explanation:
Production possibilities frontier defines that is a graph showing all the different production combinations of two products which can be manufactured using present resources and technology. The production possibilities frontier incorporates scarcity, option and trade-off principles.
In other term Production possibilities frontier Indicates the cumulative production mixture of different products or services that an economy can achieve by making optimal use of all available resources.
Answer:
5.2%
Explanation:
Calculation to determine What is your approximate real rate of return on this investment
First step is to calculate the Nominal return
Nominal return = ($77.70 - $74.00 + $2.10) / $74.00
Nominal return=$5.80/$74.00
Nominal return= 0.078*100
Nominal return= 7.8%
Now let calculate the Approximate real rate using this formula
Approximate real rate=Nominal return-Inflation averaged
Let plug in the formula
Approximate real rate = 7.8% - 2.6%
Approximate real rate= 5.2%
Therefore your approximate real rate of return on this investment will be 5.2%