Answer and Explanation:
The answer is attached below
Answer:
2. advertising is ineffective because consumers already know what they want.
Explanation:
Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.
The appraised value of the house is after calculating interest and the value is $86,250.
<h3>What is appraised value?</h3>
A qualified appraiser or valuer's assessment of the assessed value of the real property is what is meant by an appraised value or mortgage valuation. It is typically utilized as a pre-qualification criterion and risk-based pricing component in connection with a financial institution's issuance of mortgage loans.
Calculation of appraised value of the house:
- First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12).
- Take a loan for $69,000 at an interest rate of.08 on $5,520.
- Next, subtract $86,250 from $69,000 to get the appraised value.
Hence, the total appraisal value is $86,250.
Learn more about appraised value :
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True- prices are supposed to be controlled by the changing equilibrium of supply and demand and when the government sets a price it may increase or decrease demand or supply in a way that would not naturally take place.
