Answer:
d. joint venture.
Explanation:
A cooperative, business trust or a franchise are generally stable businesses that are formed to operate in the long run.
On the other hand, a joint venture occurs when different entities get together to do business and that can be a one time event only. In this case, Rusty was hired for spraying the fields one time only (one time event).
Answer:
Products that have neither immediate appeal nor long-run benefits
Explanation:
A product represents a bundle of utilities created by a producer to satisfy a want.
A deficient product as the name suggests, would refer to such products which are deficient in attributes that represent a customer want and the ones which fail to satisfy customer wants.
Those products who do not conform to a particular quality standard or whose performance is below par as per customer expectations would be termed as deficient products.
Sometimes, organizations deliberately create deficient products so as to induce repurchase of subsequent products depicted as improvements over the previous ones.
Such products lack current appeal and are neither expected to accrue to long term benefits.
Answer:
Profit of $3000
Explanation:
The exchange rate of a future contract is usually fixed at the time when the contract is buy 100,000 euros at a futures contract price of $1.22.
The Value in dollars at the time is: $122,000
At the maturity spot rate of the euro is $1.25.
The value of the contract is: $125,000
The difference:
$125,000-122,000
=$3000.
Since the maturity spot rate is higher, there is a profit of $3000 from speculating with the futures contract.
Answer:
The answer is: A) A decrease in the price of paper used to make greeting cards.
Explanation:
In normal market conditions, an increase in the equilibrium quantity of greeting cards means that the quantity demanded and the quantity supplied of greetings cards increased. Usually an increase in the quantity supplied will result in an increase of the price of the good or service. But on this specific case something else made the price of the cards decrease. The only one of the four possible options that can explain an external cause for a decrease in the price of greetings cards, is a decrease in the price of paper used to manufacture them.
Answer:
1. Y = 3730
2. Consumption function
Explanation:
1. Given that,
C = 140 + 0.9 (Yd)
T = 0.3Y
Yd=Y-T
I = 400, G = 800, X = 600, M = 0.15Y
Y = C + I + G + (X - M)
Y = 140 + 0.9 (Y - 0.3Y) + 400 + 800 + (600 - 0.15Y)
Y = 140 + 0.9 Y - 0.27Y + 1,800 - 0.15Y
Y = 1,940 + 0.48Y
Y - 0.48Y = 1,940
0.52Y = 1,940
Y = 3,730.76 or 3,730
2. C = 210 + 0.8 (Yd) is a consumption function.
