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REY [17]
3 years ago
12

Allen and Lewis are friends who each recently purchased real estate. Allen purchased a patio home in a small town an hour from t

he city, while Lewis purchased a condo in a really hot area near the city center. Although they paid similar amounts for their properties, if in six months Lewis' condo is worth much more. Which economic characteristic does this demonstrate?
Business
1 answer:
bagirrra123 [75]3 years ago
3 0

Answer:

Area preference

Explanation:

Hi, the economic  characteristic that this case  demonstrates is area preference.

Area preference is a very important land characterist that includes many factors like:

History, convenience ( in this case the distance between the area purchased and the city ), and reputation. These factors will affect the price of the land.

Feel free to ask for more if needed or if you did not understand something.

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State farm Commercial "she shed" Who burned down the she-shed
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Explanation:

The ad features a character named Cheryl who calls State Farm to check whether she's insured for the outdoor "she shed" burning down in front of her and her husband, Victor. The prevailing fan theory is that Victor burned down the she shed

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The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
WINSTONCH [101]
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3 years ago
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Let's think about billions by looking at Bill Gates, president of Microsoft. One year, his personal wealth grew by $20 billion.
marta [7]

Answer:

No, he should <u>not</u> pick up the $100 bill

Explanation:

If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.

First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.

\frac{20,000,000,000}{year}*(\frac{1 year}{365d})*(\frac{1d}{24h})*(\frac{1}{60min} )*(\frac{1min}{60s} )  \\\\  =\frac{20,000,000,000}{365*24*60*60} \\ \\ =\frac{20,000,000,000}{31,536,000} \\ \\ =634.19

So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.

6 0
2 years ago
Taylor Music Center has 5 CD players on hand at the balance sheet date. Each costs $400. The current replacement cost is $380 pe
babymother [125]

The correct answer is $380 per unit.

The lower-of-cost-or market rule requires that you report the lower value of either the purchase price or current market price of items in inventory. In this case the current market price is lower, so it should be used when calculating the value of inventory.

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Ugo [173]

Answer:

Tell and Vorn

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3 years ago
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