Answer:
a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
Explanation:
A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods
Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case, the bank would not reimburse the buyer.
Therefore the correct option is A.
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Answer:
The firm should increase output and reduce price
Explanation:
For a monopolist, there can be one of the following three scenarios at a time point in time:
Scenario one, MR = MC: For a monopolist, profit is maximized at the point where marginal revenue (MR) is equal to to marginal cost (MC), i.e. where MR = MC.
Scenario two, MR < MC: But when the MR < MC, it indicates that the monopolist is currently producing a higher quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to reduce output until MR = MC.
Scenario three , MR > MC: But when the MR > MC, it indicates that the monopolist is currently producing a lower quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to increase output until MR = MC. Also, the monopolist has to reduce price in order to sell the increased quantity of output.
From the question, the monopolist falls into scenerio three as MR > MC, i.e. $45 > $35. Therefore, the monopolist should increase output until MR = MC and reduce price in order to maximize profit.
Answer:
Rp = 3% + BP1 * 10.42% + BP2 * 6.1%
Explanation:
Portfolio A:
R_p = R_f + Beta1*Factor1 + Beta2*Factor2
32% = 3% + 1.6*F1 + 2*F2
Portfolio B
29% = 3% + 2.6*F1 - 0.2*F2
Solvig the equatios
3% = -F1 + 2.2*F2
F1 = 2.2F2 - 3%
F1 = 2.2F2 - 0.03
Substituting
29% = 3% + 2.6*(2.2F2 - 0.03) - 0.2F2
29% = 3% + 5.72F2 - 0.078 - 0.2F2
5.52F2 = 29% - 3% +0.078
5.52F2 = 0.26 +0.078
5.52F2= 0.338
F2 = 0.338/5.52 = 0.061
F1 = 2.2F2 - 0.03 = 2.2(0.061) - 0.03
= 0.1042
The return Beta relationship in this economy Rp = 3% + BP1 * 10.42% + BP2 * 6.1%
1. Internal Attribution: The process of assigning the cause of behaviour to some internal characteristic, rather than to outside forces. When we explain the behavior of others we look for enduring internal attributions, such as personality traits. For example, we attribute the behavior of a person to their personality, motives or beliefs.
2. External Attribution: The process of assigning the cause of behaviour to some situation or event outside a person's control rather than to some internal characteristic. When we try to explain our own behavior we tend to make external attributions, such as situational or environment features.
