Answer:
the income effect now groverns your behaviour as you demand more leisure and the opportunity cost of leisure goes down
Explanation:
- In economics, the cost of opportunity refers to when one person or business chooses one advantage over another.
- When a person wins the lottery, the person's income increases. This increase in income motivates the person to choose more leisure at work. This means the person is ready to leave work for leisure. In this way, the potential cost of the holiday is reduced.
- And with an increase in a person's income, a person's purchasing power improves. Increasing purchasing power means the person seeks more rest. Therefore, choosing to retire at work with an increase in income indicates an income impact. Therefore, if a person decides to quit his job, that person's behavior will be controlled by the income effect.
Answer:
e. $70.00
Explanation:
The coupon payment is the amount received by the bondholder on a periodic basis during the life of the bond which is based on the bond's face value which in this case is $1000
Note that the coupon payments are expected to be made once a year.
Coupon payment=bond face value*coupon rate
bond face value=$1000
coupon rate=7%
annual coupon payment=$1000*7%
annua coupon payment=$70.00
The reason as to why some communities such as grasslands, may never really reach F.E. Clement's concept of climax stage because of the fact that the people living in those communities have adapted to periodic interruption. In which allowed them to be further away from Clement's concept of climax stage. In which the periodic interruption is the one responsible for making the ecological equilibrium from being vulnerable to change that it is impossible for them to adapt to the concept of the climax stage in which is very rare.
Answer:
B) Effects
Explanation:
In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:
The fill & Line both option working is different from each other the fill option used for fill color in shapes and the Line is used to provide a line in the presentation.The Size & Properties option is used to change the size and property of an object.The picture option is used to insert a picture or modify a picture in the presentation.
