Answer:
C) 19 years
Explanation:
We must determine the net present value of the annual payments in a similar way to calculating the present value of annuities. We can use an excel spreadsheet and the present value formula with a 5.9% interest rate and then subtract the lifetime fee ($7,000):
Present value 14 years = $6,079 - $7,000 = -$921
Present value 16 years = $6,614 - $7,000 = -$386
Present value 19 years = $7,310 - $7,000 = $310
Present value 21 years = $7,711 - $7,000 = $711
<u>*present value 18 years = $7,091 - $7,000 = $91, but 18 years was not an option.</u>
Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of the principle of comity
.
Option d
<u>Explanation:
</u>
The constitutional reciprocity, the idea that some courtesies must apply to others or to other jurisdictions in the same country, is unique to the committee of law. The legitimacy and efficacy of their administrative, legislative and judicial decisions is known in particular.
The International Committee doctrine was described in different ways "as a principle of choice of law."
Lord Mansfield, an English solicitor and jurist, introduced the concept of a committee into English legislation. Mansfield considered the application of the committee to be taxable, with courts using foreign law "except to the extent that it was incompatible with public policy principles.
Hi!
<em>Option C is correct.</em>
<em></em>
Explanation of the choices:
A. - This seems a good choice, however it's not the best choice. Let's come back to it.
B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.
C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.
D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.
Hope this helps! :D
Answer:
C. a movement down along the supply curve for that good.
Explanation:
A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.
This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
