Experiment A as in A you have a one in 6 chance of getting 30 whereas in experiment B you have a 1 in 30 chance of getting 30
Answer:
r = (- 4.431%)
Explanation:
Given that,
During 2003, auction house sold a sculpture(Final value) = $10,291,500
Purchasing Price of sculpture in 1999(Initial value) = $12,337,500
No. of years elapsed = 2003 - 1999
= 4 years
0.955680838 - 1 = r
- 0.04431 = r
- 4.431% = r
Therefore, annual rate of return on this sculpture is -4.431%
Answer:
The correct answer is option d.
Explanation:
Music compact discs are normal goods. This means that they have a positive income elasticity.
If musicians lower their royalties the cost of producing CDs will get reduced and producers will have more profit. The producers will be able to produce more compact discs at the same cost. This will cause the supply of compact discs to increase. As a result, the supply curve will move to the right.
Compact discs player is a complementary good for compact discs. A fall in the price of the complement will increase the demand for discs. At the same, an increase in income of music lovers will contribute to increasing the demand for discs.
As a result, the demand curve will shift to the right. This rightward shift in both the demand as well as the supply curve will cause the equilibrium quantity to increase. The change in price will depend upon the extent of change in demand and supply.
Comparative advantage is more important for trade. Absolute advantage involves production at economical rate using the cheapest, fastest and lower inputs while comparative advantage refers to having the lower opportunity cost and sacrificing less in order to produce a particular good. Comparative advantage is better for trade because when companies focus on production of goods on which they have comparative advantage, total production in the economy will increase.
Answer:
The answer is: C) III and IV
Explanation:
The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.
If a former employee of a FINRA firm wants to work for another FINRA firm, he must notify his former employee and his new employer must send duplicate confirmations only if requested by the former employer.
