Answer: 59 days
Explanation: As we know that,
And,
where,
= $550,000
so,
=6.19
Now, putting the values into first formula we have :-
= 59 days
An excise tax is a <span>federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes. Excise taxes are most always included in the price of the product.</span>
Answer:
standardized good, full information, no transactions costs, participants are price takers.
Explanation:
Perfectly competitive markets are theoretical, because even commodities' markets (e.g. corn, oil, etc.) do not comply 100% with all the characteristics of a perfectly competitive market, but are close enough to consider them as such.
The 5 characteristics of perfectly competitive markets are:
- Many participants (many buyers and sellers)
- Standardized goods or services
- Zero transaction costs
- No barriers to entry
- All participants can access perfect information
As I said before, no market complies 100% with these requirements, but some commodities' markets get close enough, but even there:
- commodity traders charge a transaction fee
- capital is a great barrier to entry that cannot be eliminated, e.g. it costs millions to drill and sell oil
- not all participants will be able to access perfect information
Answer:
Easement appurtenant
Explanation:
Based on the information provided within the question it can be said that the buyer in this scenario would prefer an Easement appurtenant. This term refers to an easement that benefits a single parcel of land while being a detriment to another parcel of land. Thus allowing the buyer to cross parcels of land that do not belong to him to access public places such as the lakefront.
The answer should be D if not it's A