Answer:
A) pay the bank a penalty, typically three months' interest.
Explanation:
Most commercial banks and credit unions charge a premature withdrawal fee to individuals that cash out a CD before its maturity date. Generally the withdrawal fee equals 3 months worth of interest, but this is not a fixed rule, some banks may charge a lower fee or others a higher one.
For example, I have a CD in a commercial bank, and if I withdraw the money early (at least after 1 month of making the CD) it will not pay me any interest at all.
Answer: The law of demand
Explanation:
The tabular representation (demand schedule is down below)
Price of Juice (Dollars per can) Quantity Demanded(Billions of can)
2000 0.5
1500 0.75
1000 1
750 1.25
From the table above and the graphical representation attached, <u>the law of demand</u> is confirmed. The law of demand states that the price of a good and the quantity demanded are inversely proportional.
Notice that when the price of the juice increases, the demand decreases and when the price decreases, the demanded increases. This shows that majority of consumers will be more willing to make purchases when there is a decrease in price.
Check the attachment for the graphical representation.
The answer & explanation for this question is given in the attachment below.
Well it is a toy manfacturing company and the intermediate good would be a toy plane
