Answer:
Funds held in a savings account are highly liquid
Explanation:
The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.
Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.
Answer:
a. A man should install the light because the expected benefit of $50,000 is greater than the cost.
Explanation:
Let’s consider the cost required to install traffic lights= $10000
The expected benefit is equal to the value of human life * 0.5%.
= 0.5% * $10 million= $ 50000.
The best option is to consider the most beneficial option to be taken. It is clear that installing traffic lights is more advantageous because the expected benefit of $50000 exceeds the cost of installing traffic lights.
Answer:
Consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price the consumer pays.
For A, the consumer surplus is $49 - $44 = $5
For B, the consumer surplus is $71 - $63= $8
Producer surplus is the difference between the least price a producer is willing to sell his product and the price he actually receives from the sale of the product.
I hope my answer helps you
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.
Answer
A, $23196
Explanation:
The cost of goods sold is the difference between the sales and the gross profit amount. We normally calculate Gross profit by deducting Cost of goods sold from the sales amount. However, in this case we will do the reverse working and deduct Gross profit from sales revenue to arrive at cost of goods sold.
Sales - Gross profit = Cost of goods sold
59387 - 36191 = $23196