Answer:
In the United States and most countries, corporations, as legal persons, have a right to enter into contracts with other parties and to sue or be sued in court in the same way as natural persons or unincorporated associations of persons.
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
Answer:
a.
Date Received Present Value Value in 1 year Value in 2 years
Today 1,000 $1,050 $1,102.50
In 1 year $952.38 $1,000
In 2 years $907.03 $1,000
Future value in 1 year if $1,000 is received today:
= 1,000 * (1 + 5%)
= $1,050
Future value in 2 years:
= 1,000 * ( 1 + 5%)²
= $1,102.5
Present value if $1,000 received in a year:
= 1,000/(1 + 5%)
= $952.38
If received in 2 years:
= 1,000 / (1 + 5%)²
= $907.03
b. The present value of the gift is <u>smaller</u> if you get engaged in two years than it is if you get engaged in one year.
The utility is not maximized since the marginal utility gained from the fifth sandwich is greater.
In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.
In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or the service. It computes utility once the first product is consumed (the marginal amount).
Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.
To know more about utility click here:
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Answer:
c.$16,112
Explanation:
Since the payment of $3,500 per year is to be paid for 4 years, starting immediately, therefore the future value of annuity will be determined to calculate the amount that you will have after 4 years.
Future value of annuity=(1+i)*R[((1+i)^n-1)/i]
R=Payment to made per year=$3,500
i=interest rate=5.7%
n=number of payments to be made in future=4
Future value of annuity=(1+5.7%)*3,500[((1+5.7%)^4-1)/5.7%]
=$16,112
So the answer is c.$16,112