Answer:
There is a positive relationship between the length of a loan and its interest paid
Explanation:
A positive relationship exist between the length of a loan and the interest paid. A higher interest will be paid for a longer time period. This is so because the lender is giving out a sum of money for more than the average time period, hence the interest must be increased appropriately too.
Hence, the shorter the repayment time for a loan, the lowest the interest and vice versa.
Answer:
c. 41
Explanation:
The first thing we need to do is evaluate the monthly costs of the team:
Monthly Costs: $100 for the park, $1,000 for the salaries.
Total: $1,100
They play 2 local games per month, so they have costs of $550 / local game.
Now, for each ticket they sell, they get $10 for the ticket and $3.50 in concessions. Assuming these are net money from the concessions, not just sales. So, for each ticket sold, they get $13.50 in revenues.
To cover their $550/game costs they need to sell...
550 / 13.50 = 40.74 tickets... so 41 tickets are needed to cover those monthly costs.
Answer:
C) A firm's marginal cost curve is equal to its supply curve for prices above average variable cost
Explanation:
A perfectly competitive firm maximizes its profit when its marginal cost = marginal revenue. In the short run, it will continue to produce even if the marginal revenue is lower than its marginal costs, as long as the marginal costs are ≥ average variable costs.
Therefore, all perfectly competitive firms should supply products or services following its marginal cost curve as long as the price ≥ average variable costs.
Answer:
The correct answer to the following question will be "keeping the product line since they would lose an extra $40000 if they dropped".
Explanation:
Keep Drop
Loss $100000 (given) -
Fixed asset loss - (300000-160000)
Loss $100000 140000
If dropped, so the $40000 damage would be included. Such that the correct approach is "keeping the product line since they would lose an extra $40000 if they dropped."
William Ibbs, a professor at the university of California at Berkeley, found that high project management maturity results in lower direct costs of project management.
Project management is the process of directing the work of a team to achieve all project goals within given constraints. This information is typically documented in the project documentation created at the beginning of the development process. The main constraints are scope, time and budget.
Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives within agreed parameters and according to project acceptance criteria. Project management has the end result of being constrained by tight time frames and budgets.
Learn more about project management here:brainly.com/question/17310758
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