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hichkok12 [17]
3 years ago
12

When her roommate asked connie why she wasn't studying for a big test scheduled for the next day, connie replied, it doesn't mak

e any difference whether i study or not. i just know i'll make a low grade because i have such bad luck. it is like?
Business
1 answer:
Pavel [41]3 years ago
6 0
It concludes that Connie has an external locus of control. It is where an individual has the belief that the results of what is going to happen to them is base on external factors which are beyond to their control. It is likely depends on their success and failures with the given circumstances that they are to face. It could be seen above as Connie thinks that she's going to have a low grade, given even if she study or not because of the beliefs that she has acquired.
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Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
DiKsa [7]

Answer:

a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.

Consumer Surplus;

= 40 - 31

= $9

When the amount that a consumer is willing to pay for something is more than the amount they actually pay, the difference is the Consumer surplus.

b. I sold a used laptop for $137, even though I was willing to go as low as $130 in order to sell it.

Producer Surplus

= 137 - 130

= $7

When the amount that a producer is willing to sell something for is less than the amount they actually sell it for, the difference is the Producer surplus.

c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.

6 0
2 years ago
Huai takes out a $3,600 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he tran
Alja [10]

Answer:

a. The monthly payment on loan 1 is $76.03.

b. The monthly payment on loan 2 is $411.69.

Explanation:

a. Calculate the monthly payment on loan 1.

To determine the amount of periodic payments, the present value of annuity formula should be used:

PV=P(\frac{1-(1+r)^{-n} }{r} )

Where:

PV= present value

p=periodic payment

i=rate of interest

n=number of periods

We get the data for this exercise:

PV= 3,600 (loan).

p= unknown (we must find this value)

i= 6.6% or 0.066. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.066 / 12).

n= 4 years and 7 months, that is 55 months.

And we replace in the formula:

3600=P(\frac{1-(1+\frac{0.066}{12})^{-55} }{\frac{0.066}{12} } )

3600=P(\frac{1-(1+0.055)^{-55} }{0.0055} )

3600=P(\frac{1-(0.7395812268)}{0.0055} )

3600=P(\frac{0.2604187732}{0.0055} )

3600=P(47.348867)

Therefore:

P=\frac{3600}{47.348867}

P=76.03

The monthly payment on loan 1 is $76.03.

b. Calculate the monthly payment on loan 2.

We get the data for this exercise:

PV= 11,600 (loan 2).

p= unknown (we must find this value)

i= 7.3% or 0.073. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.073 / 12).

n= 2 years and 7 months, that is 31 months.

And we replace in the formula:

11600=P(\frac{1-(1+\frac{0.073}{12})^{-31} }{\frac{0.073}{12} } )

11600=P(\frac{1-(1+0.006083)^{-31} }{0.006083} )

11600=P(\frac{1-(0.8286047296)}{0.006083} )

11600=P(\frac{0.1713952704}{0.006083} )

11600=P(28.1761088936)

Therefore:

P=\frac{11600}{28.1761088936}

P=411.69

The monthly payment on loan 2 is $411.69.

8 0
3 years ago
If productivity increases significantly and demand is not very elastic, what is likely to happen?
spayn [35]

Answer:

B. Fewer workers will be needed.

Explanation:

Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.

An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.

If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.

4 0
3 years ago
Read 2 more answers
Which of these factors is an advantage to using cash?
ASHA 777 [7]
The answer is D. No Debt
8 0
3 years ago
Read 2 more answers
Diversity is more than recruiting and keeping minorities. Diversity means appreciating and understanding other differences in ou
Kruka [31]

Answer:

The correct answer is: disabilities, sexual orientation, religious preferences, and even personality differences such as extroverts and introverts.

Explanation:

Diversity refers to the difference, the existence of the variety or the abundance of things of different characteristics. The term comes from the Latin language, from the word "diversitas".

The concept of diversity is applicable in many and of the most different cases, for example it can be applied to the different living organisms, to the different ways of applying techniques, to the diversity of individual choices, among others. Below we explain some forms of diversity.

There are different types of diversity:

Biodiversity or biodiversity.

Cultural diversity.

Sexual diversity

Functional diversity.

Ethnic diversity.

Linguistic diversity.

8 0
3 years ago
Read 2 more answers
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