There was a rise in human population.
Expected value of the purchase of a ticket would be $3.00.
<u>Explanation</u>:
Given,
Raffle ticket costs = $5.00.
The prize = $200.
One hundred tickets are sold = 100 × 5
= $500.00
champ is drawn and given the prize of worth $200.
$500 - $200 = $300
So the normal estimation of the bought ticket = $3.00
The expected estimation of the acquisition of a ticket would be $3.00.
Answer:
is counted in C, personal consumption
Explanation:
GDP = Consumption spending + Investment spending + Government Spending + Net Export
Consumption spending is all spending by households on services and goods which could be either durable or non durable goods.
Investment is spending by businesses.
I hope my answer helps you
Answer:
There are no pressures on price to either rise or fall.
Explanation:
Equilibrium price refers to the market price at which the amount of quantity supplied is exactly equal to the amount of quantity demanded. At this point, the market supply curve and the market demand curve intersect each other.
This price would be determined by the market forces such as demand and supply of the goods.
Answer:
Long-term fixed-rate plan-$220,320.00
Short-term variable-rate plan-$224,280.00
The long-term fixed-rate plan is less costly as it has a lower interest expense
Explanation:
Total interest under the first plan=principal amount*interest rate*3 years
principal amount is $720,000
interest rate is 10.20%
total interest expense=$720,000*10.20%*3=$220,320.00
Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00