Answer:
Missing word<em> "and the cost of one point at the time of closing"</em>
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Down payment = $260,000*15%
Down payment = $260,000*0.15
Down payment = $39,000
Amount of mortgage = $260,000 - $39,000
Amount of mortgage = $221,000
Cost of 3 point at the time of closing = 3% of amount of mortgage
Cost of 3 point at the time of closing = 3% * $221,000
Cost of 3 point at the time of closing = $6,630
Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.
<u>Option: C</u>
<u>Explanation:</u>
Price disparity is a pricing strategy in which businesses charge different rates to each consumer for the same goods or services depending on how much the consumer is actually willing to pay. The consumer usually doesn't know that such actions are taking place. Thus this help monopolies to earn more profit which is drived during market arbitrage, which is basically to reap the benefits of a price gap as it is a simultaneous bartering of the same commodity in various markets. It comes about because of asymmetric knowledge among sellers and buyers.
Answer:
The __Paasche Index or Current-Weighted Index_______ is based on all the goods and services produced in the economy, which make it a current-weights index.
Explanation:
The Current-Weighted Index is an index that calculates the weighted average of prices or quantities or with the weights used proportionate to the quantities or prices of the goods. At regular intervals, the weights have to re-calculated in line with the current realities. This regular re-calculation of the weights, which is the basis for its name, makes it current.
Answer:
True
Explanation:
The Statute of Frauds requires some type of contracts to be put in writting. Some of theses agreements includes: any goods worth $500 or more, sale of land and contracts that can exceed a year. Statute of frauds is gotten from an Act of the Parliament of England (29 Chas. 2 c. 3) passed in 1677 (authored by Lord Nottingham assisted by Sir Matthew Hale, Sir Francis North and Sir Leoline Jenkins.
One of the requirement of the written agreements under the Statute is that the signature of both parties involved in the agreement is needed.
As Bonnie is not currently looking for a job after she quit
and take care of her daughter, the survey conducted by the bureau of labor
statistics that Bonnie will now be counted as an individual who is not part of
the labor force because she is not working at the moment.
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