It means that a person has died without a will.
<span>In the five forces model, the more that companies compete against one another for customers, the lower the level of profits is likely to be for that industry.</span>
P - principle of the loan
FC - finance change or total interest
N - number of months the loan is force
FC = ($1,000 x .06 x 1)
FC = $60
Finance charge is $60.
Answer:
Alice's consumer surplus = $5
Jeff's consumer surplus = $16
Nicole's producer surplus = $1
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the price of a good and the least price the producer is willing to accept
Producer surplus = price of the good - least price the producer is willing to accept
Alice's consumer surplus = $30 - ($35 - $10) = $5
Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16
Nicole's producer surplus = $501 - $500 = $1
Answer:
Following are the solution to the given points:
Explanation:
For point 1:
For point 2:
For point 3:
For point 4:
For point 5:
For point 6:
For point 7:
For point 8: