The hedonic treadmill is the tendency for people to return to a stable level of happiness after major positive or negative events in their life.
Answer:
a letter grade in literature
Explanation:
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If i weren't studying economics, i would be studying literature. Thus by studying economics, i am forgoing the opportunity to study literature This is my next best option and thus my opportunity cost
Answer:
Total FV= $5,080.86
Explanation:
Giving the following information:
Cash Flow:
Cf1= $865
Cf2= $1,040
Cf3= $1,290
Cf4= $1,385
Discount rate (i)= 8%
<u>To calculate the total future value, we need to apply the following formula to each cash flow:</u>
FV= Cf*(1+i)^n
Cf1= 865*1.08^3= 1,089.65
Cf2= 1,040*1.08^2= 1,213.01
Cf3= 1,290*1.08= 1,393.2
Cf4= 1,385
Total FV= $5,080.86
Answer:
a) Direct retailing
Explanation:
The direct retailing is the process of direct selling the company products and services via door to door, office to office from company to customers rather purchasing online, store locations, etc
According to the given situation, Delta Graphics Inc. specializes in publishing educational books. And, in order to sell their products, the company recruits and trained college students so that it sells the company products door to door by using their convincing skills, product information, product comparison, etc
