Answer:
(a) N = 10.08
(b) N = 10.89
(c) 19.05
Explanation:
(a)
N = 10.08
(b)
N = 10.89
One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.
(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.
So % increase would be zero.
However, if that $ 12 is considered as a Nominal wage in the current year,then,
= 19.05
Answer:
yes
Explanation:
The way the system works is tricky but the thing to realize is that people can always be deceitful and act different than they are.
Answer:
The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.
A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.
For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.
If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.
Cheers!
Answer:
b. not protected by the First Amendment
Explanation:
Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.
Answer:
$63,852
Explanation:
The computation is shown below:
a) PV of payments is
= $23,500 × (1.07^30 - 1) ÷ (0.07 × 1.07^30)
= $2,91,612
b) The Loan PV of payments is $3,00,000
c) And, the Balloon payment required is
= (Borrowed amount - loan PV payments) × (1 + rate of interest)^number of years
= ($300,000 - $291,612) × 1.07^30
= $63,852
