So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.
Answer:
Federal funds rate
Explanation:
Federal funds rate is the interest rate at which commercial banks borrow and lend their excess reserves to each other overnight.
Answer:
increase his consumption of product Y and decrease his consumption of product X
Explanation:
Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.
The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.
Answer:
a) see attached image
b) Friday's slope = 1/2
c) Kwame's slope = 1/3
d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.
e) Kwame is willing to pay more fish per coconut
Answer:
$132,400
Explanation:
Calculation for the Insurance expense
Using this formula
Insurance expense= 2017 Ending Balance in prepaid insurance account+ Amount paid for insurance-2018 Ending Balance in prepaid insurance account
Let plug in the formula
Insurance expense=$68,400+$106,000-$42,000
Insurance expense=$132,400
Therefore the Insurance expense recorded 2018 would be $132,400
