Answer:
Utility
Explanation:
Utility is the value or want-satisfying ability that is added to products by organizations that make the product more useful or accessible to consumers.
Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is impossible to measure and quantify. However, some economists believe that they can indirectly estimate what is the utility for an economic good or service by employing various models.
For this case, what you should remember is the demand curve.
The vertical axis represents the price.
The horizontal axis represents the quantity.
In this curve we see that the quantity demanded decreases at a higher price.
The lower price the quantity demanded increases.
Answer:
<span> b. the income effect.
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Answer:
Skilled labor
Explanation:
As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations
So as per the given statement, the skilled labor is the correct option
Hence, the same is to be considered
Answer: $200
Explanation:
To qualify as a Casualty loss, the event that led to the damage or destruction must have been unexpected such as an accident, hurricane, fire etc.
When calculating for the Casualty loss deduction, we simply deduct the money received from the insurance from the Adjusted basis,
Casualty loss deduction = Adjusted basis - Cash received from the Insurance company
= $14,000 - $10,000
= $4,000
Since it is After any limitations, we also deduct a cost per event floor of $100 and 10% of the AGI
=4,000 - 100 - (37,000*0.1)
= $200
Belinda's casualty loss deduction (after any limitations) is $200.
Answer:
Monthly car loan payment = $414 (Approx.)
Explanation:
Missing information;
Amount borrow = $29,000
NUmber of payment = 7 year x 12 = 84
Rate = 5.3% yearly = 0.053 / 12 monthly
Find:
Monthly car loan payment
Computation:
PV = $29,000
N = 84
r = 0.053/12
FV = 0
PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ
29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0
PMT = 413.98
Monthly car loan payment = $414 (Approx.)
