Answer:
<u><em>A.</em></u>
<u><em>The loan will be set for a given range, and the bank will establish a rigid payment plan</em></u>
Explanation:
Hope this helps:)
Answer:
Price elasticity of demand shows how much a 1% change in the price of a good or services changes the quantity demanded.
In the short run, a 10% increase in price decreases quantity demanded by 4%
PED short run = % change in price / % change in quantity = 4% / 10% = 0.4
PED long run = % change in price / % change in quantity = 7.5% / 10% = 0.75
Both PEDs are inelastic since they are less than 1, which means that an increase in price will result in a proportionally smaller decrease in the quantity demanded. But the PED in the long run is less inelastic, which means that an increase in price will decrease the quantity demanded more in the long than in the short run.
This happens because smokes consider that cigarettes are a basic necessity, so they are willing to purchase them even if the price increases. But as time passes (long run), more smokers will consider that it is not worth paying that much for cigarettes and will probably quit smoking or at least reduce the number of cigarettes they smoke per day.
The economy would be in equilibrium as AE = 1000 + 0.9Y
Y = 1000 + 0.9Y
Y - 0.9Y = 1000
(1-0.9) Y = 1000
Y = 1000/0.1
Y = $10000
AE = 10,000
<h3>What does total spending actually mean?</h3>
Aggregate expenditure, a macroeconomic statistic, is used to measure and evaluate the total amount of economic activity or output within a country. A nation's total outlays over a given time period are measured by aggregate expenditure, just as the gross domestic product (GDP) and national income.
Expenditures that alter in reaction to real GDP are referred to as induced aggregate expenditures. Take consumption spending as an example of an induced aggregate expenditure, which rises with real GDP.
For more information about aggregate expenditure refer to the link:
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Answer:
$4,269,950
Explanation:
The Cost of an asset include Purchase Cost and other costs directly incurred to put the asset in the location and condition intended for use by management.
Calculation of Cost of the Building :
Architect’s fees $46,800
Insurance $3,600
liability insurance $3,900
Excavation $15,660
Contractor $4,200,000
Total $4,269,950
Therefore,
The cost of the building that should be recorded by Wilson Co. is $4,269,950
Answer:
The correct answer is False.
Explanation:
A fundamental success factor in any project is its director's ability to make the right decisions at the right time. This can only be done if there is clear, reliable and updated information about the progress of the project. It is equally important to provide concise information to those interested in the project. The GVG provides an approach to measure the performance of the project from the comparison of its real progress against the planned one, allowing to evaluate trends to formulate forecasts.
To implement the GVG in a project, it is necessary to define the Performance Measurement Baseline (PMB), which integrates the description of the work to be performed (scope), the deadlines for its completion (schedule) and the calculation of its costs and resources required for its execution (cost).
