Answer:
20,407. 00
Explanation:
The value of the mutual fund will be the future value of $15,000 at 8% interest rate for four years. For future value, we use compound interest formula which is FV = PV × (1+r)n
Pv is $15,000
r is 8% which is 0.08%
n is 4
FV = 15,000 x (1 + 0.08 ) 4
Fv = 15,000 x 1.36048896
Fv= 20, 407.3344
Fv = 20,407. 00
Answer:
B. There is Excess Supply of the good.
Explanation:
Excess Supply of good means that the Supply is more than the demand.
This abundance of the good creates competition among sellers, who reduce the price to sell their product.
Practical example to this case can be : Low price of a good in a market where lots of competitive sellers exist, High price of a good in a market where less competitive sellers exist.
Answer:
The correct answer is option C.
Explanation:
The GDP of an economy includes only the final goods and services produced in the economy in the given period of time.
In the given example , the day care shows the service provided by Jack and Jill.
The crayons and color books, milk, attendants are all intermediate goods and services.
So their values will not be included in the GDP.
The GDP will only include the value of daycare sold which is $100,000.
Trade-off
A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.
What is consumer's real wage?
Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.
Main Content
$606
Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:
When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:
=$17
24
=$408
Also, when the customer sells all the 17 units of the composite good, she will earn:
=$1118
=$198
Therefore, the customer's full income would be:
=$408+$198
=$606
To learn more about Trade-off
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The contract is a SALE OR RETURN CONTRACT. The sale or return contract is a type of arrangement between the supplier and the retailer, whereby the retailer is permitted to return unsold goods to the supplier after a specify number of days.
