Answer: 10.81%
Explanation:
The annual percentage rate is the percentage cost of credit on yearly basis.
APR will be calculated
= [(2 x n x I) /( P x ( N + 1)]
where,
n = number of months = 12
I = Finance cost = Interest + service charge = $70 + $12 = $82
P = Borrowed amount = $1,400
N= Loan period = 12
We'll then slot the values into the annual percentage rate (APR) formula and this will be:
= ( 2 x n x I) /( P x ( N + 1))
= ( 2 x 12 x 82) /( 1400 x ( 12 + 1))
= 0.1081
=10.81 %
Answer:
Consider the market in which clothing producers operate. Suppose productivity decreases in the factory producing jeans. Explain how this event will change the quantity of jeans supplied and the supply of jeans today.
The quantity of jeans supplied decreases.
Explanation:
Since there is decrease in the production of jeans, hence; supply of jeans will be drastically decreased.
C. Only favorable information is likely to appear
Answer:
will have a dual price of zero.
Explanation:
Slack variables are used in linear programming equation where the equation is not balanced and to balance the equation a variable equal to zero is introduced called a slack variable.
The constraint in the slack variable will be zero, where the positive value.
It is never equal to zero, but the value is so low and so near to zero that it is considered to be equal to zero.
Governments - Intervene<span> in Markets
1) To promote general economic fairness; </span><span> to avoid exploitation of the citizens by firms charging exorbitant prices.</span>
2) <span>Maximizing social </span>welfare<span> is one of the most common and best understood reasons.
</span>3) To promote other goals, such as national unity and advancement.
4) <span>Government tries to combat market inequities through regulation, taxation, and </span>subsidies.
5) To minimize the damage caused by naturally occurring economic events.
are few reasons... to help you understand
