Answer:
$1,053.48
Explanation:
For computing the price of the bond we use the Present value formula which is to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 6.4%
NPER = 10 years - 1 year = 9 year
PMT = $1,000 × 7.2% = $72
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the above formula, the price of the bond is $1,053.48
Bureaucratic.
A bureaucracy is an organization with a pyramid structure meaning most of the power is with a very small group at the top, and there is a high level of organization and order through out all the various levels.
Answer:
The correct answer is Option (E).
Explanation:
According to the scenario, the given data are as follows:
Worker Wage = $8
Rate of corn bushel = $2.75
Work done = 3 bushels per labor hour
So, from this we can calculate the marginal revenue of product,
Marginal revenue of product = Rate of corn bushel × Work done
= $2.75 × 3 = $8.25
As, Marginal Revenue > Wage
More marginal revenue means more profit.
Hence, Mr. Cobb should hire more labor because the marginal revenue product exceeds the wage.
<span>This is a variable-rate loan. The interest rate changes due to market variations and the rates associated with the market. Some months can have higher rates (and thereby, payments), while other months could be the same or lower, leading to slightly lowered payments.</span>
Answer:
b. product A and B are subtitutes
a. the quantity of fast food consumed decreases as income increases
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = percentage change in quantity demanded of good A / percentage change in price of good B.
The cross price elasticity of substitute goods are always positive because if the price of good B increases, the Quanitity demanded of good A rises.
Substitute goods are goods that can be used in place of another good.
Complement goods are goods that are used together. E.g. car and gas
Inferior goods are goods whose demand increases when income falls and whose demand falls when income rises.
I hope my answer helps you
