Answer:
obligation ratio: 0.3081 = 30.81%
Explanation:
Total oblication will include all the payment:
property taxes: 2,100 / 12 = 175
insurance: 600 / 12 = 50
car monthly payment: 450
mortage monthly payment: 557.35
Total obligation: 1,232.35
<u>mortgage monthly payment:</u>
PV 110,000
time 360 (30 years x 12 months per year)
rate 0.00375 (0.045 divide into 12 months to get the monthly rate)
C 557.354
<u>total obligation ratio:</u>
1,32.35 / 4,000 = 0.3081
Answer:
Because of the overpowering status of Capitalism.
Explanation:
In Marxist and Communist Thought or Ideology (sometimes the same thing), there are many different perspectives on the matter. The Classical Marxist thought would say that Communism never truly existed, and cannot be a regime. False regimes have come up under the guise of Communism (but truly monarchies without religion), but they were truly supporters of the Capitalist cause (which isn't as much an unjust cause as it is a necessary cause). Without Capitalism, true Communism would never come around.
Marxist-Leninists might say that they disappeared because of rightist agendas of some members of Communist parties. Or they might say that Communism has not died out, but lives on in places such as DPRK (North Korea) and Venezuela or Cuba.
Answer:
constant returns to scale
Explanation:
Constant returns to scale describes a scenario when long run returns as the scale of production increases, when all input levels including physical capital usage are variable.
Answer: Explanation:
The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA
where
,
P
p is the price of a peach and
PA is the price of an avocado.
In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.
