Answer is A
Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.
For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.
Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.
A space probe is an unmanned instrumented spacecraft that is designed to execute physical studies of space environment. It is rocketed into space with enough speed to achieve the velocity needed to obtain hyperbolic orbit and also to reach a trajectory that is aimed at a pre-selected target.
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Answer:
Option E (Compromising) would be the correct choice.
Explanation:
- A conflict mediation method of consensus attempts to discover a reason to reasonably pleasing parties and from both sides of the debate.
- When it becomes more necessary to optimize a compromise than for the conclusion to always be perfect, a deadline is fast approaching, even at such an ongoing crisis, because you need a workable measure only for the moment, such style might be suitable to be using.
The other choices aren't relevant to the situation presented. Because otherwise, that is the right answer.
Answer:
lump sum money= $52653
Explanation:
Giving the following information:
Your child is going to college in 4 years.
Tuition fees amount to $16,000 a year for each of the 4 years.
You plan on depositing a lump sum of money today in a bank account paying 5% interest a year.
The first tuition fee payment you make will be 4 years from now.
FV= 16000*4= $64000
n= 4 years
i= 0.05
We need to find the annual payments:
PV= FV/(1+i)^n
PV= 64000/1.05^4= $52653
