The answer is A because there is a loss of value of a countries with one or more foreign reference
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.
As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.
This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).
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Answer:
A. Closure
Explanation:
Closure refers to the desire by man to find an answer to a question or a problem, looking for ways to fill in the gap in order to make sense of things that aren't adding up. It drives an aversion towards equivocality. People tend to find closure to make meaning of something or a stimulus that is incomplete. In this scenario, Brandon having problem with is Visa application was the problem/question/stimulus, and his method for closure or as a manner of filling in the gap was assuming every other applicant in his category had the same Visa issue.
Answer:
Annual deposit= $5,599.42
Explanation:
<u>First, we need to calculate the total future value required when Seth is 18.</u>
FV= PV*(1+i)^n
FV18= 25,000*1.06^18= $71,358.48
FV19= 71,358.48*1.06= $75,639.99
FV20= 75,639.99*1.06= $80,178.39
FV21= 80,178.39*1.06= 84,989.09
Total FV= $312,165.95
<u>Now, we can calculate the annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (312,165.95*0.12) / [(1.12^18) - 1]
A= $5,599.42
Answer:
Situational Factor
Explanation:
The factor has to do with Jane's involvement in the task of buying the blanket. Jane cannot afford to drive 50 miles to buy the blanket at a cheaper price because she works a full time job and takes care of her three children. although it is cheaper she cannot afford the time it takes to drive 50 miles on her busy schedule and finds it easier to order it online as it will be delivered to her door step.
