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2 years ago

Match the scenarios with the economic concepts they illustrate.

Business

2 answers:

Kruka [31]2 years ago

6 0

Answer:

Substitution, income effect, positive externality & then negative

Explanation:

Plato!!! :)

evablogger [386]2 years ago

4 0

1. Income effect
2. Substitution
3. Positive externality
4. Negative externality

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ebecca is a marketing executive at an airline company. She has been asked to plan her company’s online advertising budget on a m

velikii [3]

Answer:

1. You are able to stimulate traction or interest in your product by identifying the most profitable spending on various campaigns organized by you.

2. So also there’s a summary graph that shows how much of your goal has been achieved and how you can improve decision making

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2 years ago

Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i

iren2701 [21]

Wyatt's effective interest rate would be greater than his nominal interest rate include option D: 0. 71 percentage points.

<h3>How much greater is Wyatt’s effective interest rate than his nominal interest rate?</h3>

Given Information:

Nominal interest rate =13. 62%

$Effective rate of return=(1+\frac{i}{m} )m-1\\\\Effective rate of return= (1+\frac{0.1362}{4})4}-1\\Effective rate of return=0.1433$

Here, the value of the effective rate of interest is 0.1433 that is multiplied with 100 to get the percentage value of 14.33%.

Hence, the difference between effective and nominal interest rates would be:

=14.33-13.62

=0.71%

Therefore, correct option is D.

Learn more about compound interest, refer to the link:

brainly.com/question/26077656

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1 year ago

You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13

enyata [817]

Answer:

Part 1.

Average cost per day of a three-day pass = $53.33/day per person

Marginal cost of adding the third day = $190 - $160 = $30 per person

Part 2.

Group's marginal cost of switching from the two-day pass to the three-day pass = $180

Explanation:

The total cost is the admission charge ($60) plust the cost of the pass ($100 or $130).

For a two-day pass that is: $60 + $100 = $160, per person

For a three-day pass that is: $60 + $130 = $190, per person

Part 1. The average cost per day of a three-day pass per person. 

The average cost is the total cost divided by the number of days.

Average cost = $160/3days = $53.33/day per person

The marginal cost of adding the third day per person is found by subtracting the total cost for two days from the total cost for three days:

Marginal cost of adding the third day = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass

Since the marginal cost of switching from the two-day pass to the three-day pass is $30 per person, the marginal cost for the 6-person group is 6 times $30:

6 persons × $30/person = $180.

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2 years ago

According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in

Alex_Xolod [135]

Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services "a. they can provide at a lower opportunity costs."

Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.

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2 years ago

Bradley is sitting on his porch enjoying his very large front yard and drinking a lemonade when chris, a kid from down the stree

Anestetic [448]

Chris may be able to recover money from the courts on the basis of quasi contract. A quasi contract is an obligation of one party to another imposed by law independently of an agreement between the parties.

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3 years ago