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larisa [96]
3 years ago
15

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. So

me neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as:_______________.
Business
1 answer:
mixas84 [53]3 years ago
5 0

Answer:

This is the complete question with options

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as

A. rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

B. greedy because he is asking for a high wage that some of his neighbors can't afford to pay.

C. selfish because he is asking for a wage that is higher than others might charge.

D. irrational because some neighbors refused his offer.

The answer is A . rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

Explanation:

Alex is regarded as a rational self - interest individual  because  his decision   focuses on his own monetary benefits which also influences the environment in which he is, in the sense that he is helping his neighbor mow their lawns.  

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andre [41]

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) *  ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

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McCann Co. has identified an investment project with the following cash flows.
Ugo [173]

Answer:

The present value at 11% is $3,902.13,$3,479.85  at 16% and $2,615.57  at 30%

Explanation:

The present value formula is given as :

PV=FV/(1+r)^n

Where FV is the future value of cash flows such as the ones given in the question

r is the rate of return at 11%,16% and 30%

n is the applicable time horizon relevant to each of the cash flow.

Find attached spreadsheet for detailed calculations.

Download xlsx
7 0
3 years ago
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Easy question.........
madreJ [45]

Answer:

c

Explanation:

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Answer:

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Explanation:

The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.

To decrease annual deduction, it is standardized that ADL is used with straight line method with 31 plus years for a recovery period that is longer.

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