Answer:
0.1093 or 10.93%
Explanation:
The number of days before the company runs out of stock after placing an order (X) is:
Assuming a normal distribution with:
Mean (μ) = 6
Standard deviation (σ)=1.10
The z-score for X=7.353 is:
According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:
Answer:
The answer is: If Allen is a professional gambler, he can use his gambling losses to offset the income from his gambling activities.
Explanation:
We can consider the airfare and hotel expenses as income part of Allen's income (+$3,000) but since he lost more money in the casino (-$25,000), the net effect is an economic loss (-$22,000).
That economic loss isn't tax deductible unless he was a professional gambler, then he could offset his income by $22,000.
Answer and explanation:
<em>The house owner is correct</em> because <em>strict liability</em> applies in the case. Strict liability refers to the responsibility an individual or organization has over actions incurred even if there was no intention of causing property or personal injuries. Strict liability only considers if the action was the result of the damage.
Answer:
- Private property rights:
- Institutions and incentives
Explanation:
- Private property rights → they are constructs that determine how a resource or economic good is used and owned. They can be view as an attribute of an economic good, it has four components and also, it is often referred to as a bundle of rights:
1- The right to use the good.
2- The right to be able to aer income from that good
3- The right to transfer the good to other, or to abandon it or destroy it.
4- The right to enforce the property rights.
- Institutions and incentives → This kind of institution creates incentives for technological innovation and investments in both human and physical capital
. When the right incentives are placed, as a consequence production and investment occur naturally, as a result we have more human capital, more physical capital, and technological advancement - all of which lead to economic growth.
Answer:
Correct option is B.
The net benefit of the activity you would have chosen if you had not taken the course
Explanation:
Your opportunity cost of taking this course is <u>the net benefit of the activity you would have chosen if you had not taken the course
</u>
Opportunity cost is what you must sacrifice when you choose an activity. By taking this course, you are sacrificing the benefit you could have obtained from the activity you would have chosen if you had not taken the course.
