Answer:
16.16%
Explanation:
The multiplier each week is ...
1 + 15%/52
So the multiplier after 52 weeks is ...
(1 +.15/52)^52 ≈ 1.1615834
This corresponds to an effective annual interest rate of 16.16%.
The optimal output of a public good occurs where The marginal benefit of the consumer who values the good most should equal the marginal cost of the good.
<h3>What is the meaning of marginal benefits?</h3>
The marginal benefit is the maximum amount of money a customer is willing to pay for a new product or service. With more consumption, consumer satisfaction tends to decline.
For example, if a customer is prepared to spend $5 for ice cream, the ice cream's marginal benefit is $5.
Thus, option C is correct.
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Answer:
A) buyers and sellers synchronize their decisions through the price system
Explanation:
Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.
Answer:
This statement is False
Explanation:
One of the characteristics of the modern day service industry is Division of Labor. Thus, Elise would not leave almost all aspects of human resources functions to specialists. This is the decision of a human resources manager and not Elise who is the finance manager. The jurisdiction of her duty and reporting line does not allow such to happen.
Answer:
A) Infrastructure costs
Explanation:
Small companies are usually not able to compete with large firms due to the Infrastructure weakness.