Answer:
Option (B) is correct.
Explanation:
Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.
Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.
Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.
Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.
Answer:
A$118,000 B.$333,000
Explanation
Land$100,000
Demolition20,000
Scrap value(5,000)
Title insurance1,000
Paving assessment2,000
Total land cost($118,000)
B. The cost of the building recorde
d by Reid
Archirectfees$25,000
Construction interest8,000
Building cost300,000
Total building cost. $333,000
Answer:
MRCORRECT has answered the question
Explanation:
Fiat money has value because the government declares that it has value.
Answer:
Explanation:
Face value = 1000
market price = 1000
annual yield = 106
yield to maturity = (106/1000) x 100
= 10.6 % .
The amount of money you have in your account
