Answer:
online auctions
Explanation:
George can start selling his products online. He needs to create a website where he can showcase all his products and their prices. The websites should be as interactive as possible to allow customers to place orders, make payments, and track deliveries.
Operating online will be of great convenience to George's customers. They do not need to be physically present at George's retail store to make purchases. Customers can shop at a place and time convenient to them.
Answer:
The investment will have a value of $2875.60 after 6 years.
Explanation:
The formula to determine the final value of this investment at the end of this period is:
<em>Future Value= Present Value*(1+r)^n</em>
Where:
Present Value= Current value is capital today. In this case <u>$1,820
</u>
Future Value= It is the value that is generated as a result of a compound nominal rate applied to a certain number of periods in which said rate is applied plus the present value.
r= The interest rate at which the debt is generated is determined in percentage and its duration is annual. In this case <u>8%
</u>
n=The periods that the investment or debt will last. In this case there are <u>6 </u>periods because the investment is annual.
FV= 1820 *(1+0.08)^6
FV=1820*1.58
FV= 2875.60
Answer:
a) Consists largely of interest, dividends, and other income on foreign investments.
Explanation:
Factor income is all the income that we receive from selling at least one of the factors of production.
- Factor income received from land ⇒ rent
- Factor income received from labor ⇒ wages and salaries
- Factor income received from capital ⇒ profit
When we are calculating the balance of payments of a country, the factor income that we must include comes from capital invested in foreign countries and the income generated from capital is called profit and it consists mainly of interests and dividends.
Answer:
a. The shirt's marginal utility divided by price was too low compared to other goods.
Explanation:
here are the options to this question :
a. The shirt's marginal utility divided by price was too low compared to other goods.
b. The shirt has zero marginal utility for you.
The shirt's marginal utility divided by price was too high compared to other goods.
c. The opportunity cost of the shirt was too low.
d. None of the above answers is correct.
Marginal utility is the change in utility as a result of consuming one extra unit of a good or service.
the goal of any rational consumer is to maximise utility.
If he shirt's marginal utility divided by price was too low compared to other goods, it means that the price is too high when compared to the marginal utility of the shirt.