Buying a home is a big commitment. For most of us, it will be the biggest purchase we make in our lifetime. According to the National Association of Realtors, it also usually ties us to one place for about 12 years. Of course, the process is about more than finding a home you like. It’s about finding a home you can afford and enjoy for years to come. And the price tag you see isn’t the full story. It’s important to consider all of the financial factors of home ownership before you sign any dotted lines. Here are five costs to consider before buying a home this year (or any year!).
Answer:
The correct answer is option c.
Explanation:
An oligopoly is a market structure where there are a few sellers. These sellers may be selling homogenous or differentiated products.
There is high competition in the market. The sellers are interdependent on each other.
This interdependence happens because of a few sellers. The decisions of a seller affect its rivals. So before making a decision regarding price and output, a firm must consider the reaction of its rivals.
So all the firms are mutually interdependent.
Answer:
Selling price= $30
Explanation:
Giving the following information:
Unitary cost:
Variable= $30
Fixed= $16
Number of units= 4,100
<u>Normally, when there is unused capacity and a new customer asks for a reduced price, the fixed cost should not be taken into account when calculating the selling price. </u>The company benefits from increasing its sales, acquiring a new customer, and perhaps getting some discounts from suppliers in the variable components.
<u>The lower price that the company accepts is the one that equals the unitary variable cost. In this case:</u>
Selling price= $30
Answer: The correct answer is Shopping Products
Explanation: Shopping products are products that are not frequently requested and purchased. In purchasing these products, a consumer consciously weighs his options by comparing the suitability of the goods in meeting his needs.
The price and quality of the products are also determining factors for shopping products.
Answer: The correct answer is "goes up".
Explanation: If a foreign currency <u>GOES UP</u> relative to the U.S. dollar, Americans must pay more for goods and services bought from sellers in the country that issues the currency.
This happens because the value of the currency of the foreign country increases in relation to the US dollar, therefore the goods and services of that foreign country will cost more for the Americans.
