Answer:
B) it takes fewer dollars to equal a unit of foreign currency.
Explanation:
A rise in a currency means that its demand rises. When the value of dollar goes up, it means that the purchasing power of the currency has increased compared to other currencies. The increase may be as a result of high trading rate in the economy. A rise in dollar value in this case, means that its demand rises , rise in demand results to proportionate increase in the amount required to afford a single dollar. In general, a rise in dollar means that it takes fewer dollar to equal a unit of foreign currency.
Answer:
taking the first job you are offered asking for your grade right after finishing a test
Explanation:
Economics is the study of how rational individuals & society decide to choose, among various available alternatives having various specifications. Decision makers being rational - taking decision based on proper analysis, is an important foundation of economics.
However, sometimes economic participants show impatient economic behaviour. It means that they don't critically evaluate all the aspects while making a decision. Given case of taking a job, i.e supplying own labour is one of them. If a person takes the very first job after finishing test : this implies he / she doesn't evaluate the other alternatives available. The other alternatives could be better in terms of factor income (wage) to its factor (labour) supplied. So, not analysing other employment options doesn't give clarity about opportunity cost (cost of next best alternative sacrifised) to make the choice. Hence, all these aspects make such person an example of i'mpatience in economic behaviour'.
Answer:
PV= $2,749,494
Explanation:
Giving the following information:
Cash flow= $200,000
Number of periods= 25
Interest rate= 5.25%
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {200,000* [(1.0525^25) - 1]} / 0.0525
FV= $9,881,102.14
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 9,881,102.14 / (1.0525^25)
PV= $2,749,494
Answer:
since there is not enough room here I used an excel spreadsheet
Explanation:
Answer:
Supply Curve. Supply Schedule
Explanation:
A supply curve is a graph showing the relationship between price and quantity supplied. It slopes upward indicating a positive/direct relationship between price and quantity supplied. In this case, the higher the price of televisions, the more units of televisions will be supplied in the market. The supply curve is plotted from a supply schedule. This would be the suitable alternative if Sharon's boss was interested in a graphical presentation to analyse the quantity supplied of television in the market per given time period and price.
A supply schedule shows the relationship between price and quantity supplied using a given set of numbers/data. This would be the suitable option if Sharon's boss was more interested in a visual represenation of the quantity of television sold at given prices and particular time periods.
