Answer:
$187.18
Explanation:
In this question, we use the PMT formula that is shown on the attachment below:
Given that,
Present value = $5,500 - $5,500 × 20% = $4,400
Future value = $0
Rate of interest = 2% ÷ 12 months = 0.16666%
NPER = 2 × 12 months = 24
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $187.18
Answer:
<h2>The answer in this case would be the option b. or it captures the cost savings of economies of scale.</h2>
Explanation:
- Flexible manufacturing system basically implies the ability of the production or manufacturing system to respond to any predictable or unforeseen changes.Hence,it measures the flexibility level of firms or companies to adjust the production or manufacturing mechanism or procedures to any current or potential changes.
- In this regard,the firms or companies can alter the productive efficiency of the entire manufacturing or production system by employing innovative and productive technological inputs which can influence the productive capacity or efficiency level of the factors/inputs of production.This might be essential as various requirements of production or manufacturing can change periodically.
- Flexible manufacturing system can essentially reduce the per unit production cost or the average cost of production of any firm or company by enhancing the productive efficiency of the factors/inputs of production thereby,increasing the overall production or output volume.This can lead to higher long term profitability of any firm or company.This phenomenon is known as Economies of Scale in Economics which refers to gradual reduction or decrease in the per unit production cost with a simultaneous increase in the production or output level.
Answer:
Market
Explanation:
A market economy also is known as a free economy
In a market economy, individuals and businesses have the freedom to choose what they will buy or sell. They also determine the quantities, time, and the prices of the goods and services produced.
In the market economy, the government and the market are separated. It means that the government does not interfere with the operations of the market. Self-interests drive Individuals' and firms' actions. The economy will have a wide range of goods and services which offer customer options when buying.
Market economies are a hypothesis. No country in the world operates a pure market economy. The US economy, which gives buyers and sellers the freedom to choose, has some government interfere in the form of regulation.
Answer:
that's nice, my teachers do that too on breaks
Explanation:
