A. Decreases
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Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.
Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
Answer:
Explanation:
(A) First Degree Price Discrimination
(B) it is regarded as a form of price discrimination because the current price at which Datsun models are sold, differs from the former price (the current price is half the original or former price).
Also, this is a deliberate action or business strategy taken by the Nissan automobile company so it is price discrimination.
(C) Nissan might choose this approach because (according to the question) there are emerging markets and the Datsun model of Nissan motors will soon go obsolete.
So since the first aim of a company is to make profit, instead of losing buyers of the old model completely, Nissan will sell the off at much lower prices.
(D) Yes, it will a success move if the company does not presently have the technology to adapt to the new or emerging market for different type or function of vehicles.
Answer:
$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.
Explanation:
The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.
As the discounted rate is 6.2% compounded quarterly, we have:
Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.
Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.
Thus, the answer is $19,922.
Most people criticize monopolies because they charge too high a price, but what economists object to is that monopolies do not supply enough output to be allocatively efficient. To understand why a monopoly is inefficient, it is helpful to compare it with the benchmark model of perfect competition.
<h3>What are monopolies?</h3>
When there is just one seller in the market, it is called a monopoly. The monopoly case is typically viewed as the complete antithesis of perfect competition in economic research. The industrial demand curve, which slopes downward, is, by definition, the demand curve that the monopolist faces.
A monopoly is when one business and its product control a whole sector, there is little to no competition, and customers are forced to buy the particular products or service from the one business.
Examples of natural monopolies include corporations that provide utilities such as electricity and natural gas. They are monopolies because it is expensive to enter the market and because newcomers are unable to offer the same services in numbers and at costs similar to the dominant enterprise.
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