Answer:
c. cover the cost of producing and selling the product
Answer:
The sales price of the appraised property is $26,400
Explanation:
The sales price of of the appraised property can be expressed as;
SA=(A/C)×SC
where;
SA=selling price of the appraised property
A=appraised rent per month
C=comparable rent per month
SC=selling price of the comparable property
In our case;
SA=unknown
A=$165 per month
C=$150 per month
SC=$24,000
replacing;
SA=(165/150)×24,000=$26,400
The sales price of the appraised property is $26,400
Answer: Goods and the services are exchanged
Explanation:
The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.
In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.
Therefore, Goods and the services are exchanged is the correct answer.
