Answer:
Explanation:
Down payment = 37,000 given in the question
Rate of return = 7.4%/4 = 1.85% quarterly return
Total Quarterly = 5*4 = 20
Amount Required = ?
We will apply the Compound Formula = S=p(1+i)^n
S is the future payment that is 37000
P is present payment required to be invested
I is the interest rate that is being paid on investment 7.4% annually divide it by 4 to have quarterly return
N is the number of quarters
P=S/(1+i)^n
P=37,000/(1+1.85% )^20
P=37,000/1.4428
P=25,644
Amount that is required to be invested today is $25,644
According to jennifer Jacquet's, shaming does not work when:
- The majority of other people does not follow that specific action (for example if most people within a certain society does not feel shame being naked in public, it is very unlikely you could shame an individual to do so)
- There is no punishment associated with the shame
- There is other option that balance the action associated with the shame
Answer:
Marginal Revenue Product=150
Marginal Resource Cost= 100
Explanation:
Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.
Marginal Revenue Product= Revenue Change
/Additional Input
Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.
Marginal Resource Cost= Cost Change
/Additional Input
In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.
We are increasing our delivery fleet in 1 unit
First calculate the change in total revenue
Total revenue= 1,500 packages * $0.10 in revenue=150
Marginal Revenue Product=$150/1=150
The Cost change is $100,
so Marginal Resource Cost= $100/1=100
Answer:
b. a written, signed offer by anyone to buy or sell goods.
Explanation:
Under the provisions of Article 2 of Uniform commercial code, whenever a merchant as defined by the act, signs a written document whereby he promises to buy or sell goods, such an offer gives rise to a firm offer which cannot be revoked.
The three important conditions for an offer to be termed as a firm offer would be, the agreement must be in writing and secondly, it must be signed by the party and most importantly it must state a promise to perform an act of buying/selling.