Answer: This statement is FALSE
Explanation:
Price Ceiling is the maximum price fixed by government , usually less than equilibrium price to make necessity goods affordable to max people.
Producer Surplus is the difference between prevailing price & minimum price needed to induce producers to supply . Diagramaticaly / Graphicaly , it is the vertical difference between supply curve & price level
Implying Ceiling Imposition , the price gets reduced . Assuming unchanged Supply curve , the difference between price & supply curve reduces .
Hence , Producer Surplus falls
Answer:
Large box weighs 18 kg and small boxes weighs 6.5 kg.
Explanation:
From source, the correct question is:
Delivery of 5 large boxes and 2 small boxes has a total weight of 103 kilograms.
Delivery of 3 large boxes and 8 small boxes has a total weight of 106 kilograms.
Let the weigh of large box = x
The weigh for the small box = y
So,
5 x + 2 y = 103 - -----1
3 x + 8 y = 106 - -----2
Solving,
2y = 103 - 5 x
Applying in 2 as:
3 x + 4*(103 - 5 x) = 106
x = 18 kg
y = 6.5 kg
<u>Thus, Large box weighs 18 kg and small boxes weighs 6.5 kg.</u>
Answer:
$177,060.16
Explanation:
The issuance price of the bonds is also known as the current price of bonds and in the bond calculation we refer this as the Present Value or PV.
Using a financial calculator, PV of the Bond is determined as :
FV = $200,000
N = 10 x 2 = 20
P/YR = 2
PMT = ($200,000 x 10%) ÷ 2 = $10,000
I/YR = 12 %
PV = ??
Thus,
The PV is determined as $177,060.16
therefore,
The issuance price of the bonds is $177,060.16
Answer:
$13,013
Explanation:
Mary's monthly payment = principal / PV annuity factor
principal = $33,000
PV annuity factor, 1.5%, 36 periods = 27.6607
monthly payment = $33,000 / 27.6607 = $1,193.0284 ≈ $1,193.03
I prepared an amortization schedule using excel to determine the loan balance after the 24th payment = $13,013
Answer:
Selective distortion
Explanation:
Selective distortion is the phenomenon where people interprete information based on their previous beliefs. This occurrence makes it difficult for such people to be influenced to make a purchase through advertisements.
This challenge to marketing also applies to selective attention and selective retention.
In this instance Bob reads a circular from the Department of Human Health and Safety recommending lower salt intake to prevent health problems. Because his grandmother still adds salt and remains healthy, Bob discards this information as being untrue.