C. Charles should forgo renter's insurance if the premiums will quickly overtake the value of his belongings.
Renter's insurance is a useful and valuable tool to protect tenants against loss or damage of their property, and is a wise purchase in most cases. However, if you are paying more every month in your insurance premiums than the total value of the goods you are protecting, the insurance may no longer be worth the cost.
According to the expectancy theory, the employee is likely to see the "effort-performance" relationship as weak and demotivating.
<h3>What is expectancy theory?</h3>
According to expectancy theory, people are more motivated to work hard if they believe their efforts will be noticed and rewarded.
The importance of expectancy theory are-
- When applied correctly, expectation theory can aid managers in understanding why people choose between various behavioural options.
- Managers should implement mechanisms that closely link rewards to performance to improve the relationship between effort and results.
- It is based on an individual's self-interest, who desires to maximize enjoyment and reduce dissatisfaction.
- This philosophy places a strong emphasis on perception and expectations, saying that reality is irrelevant. It places a focus on benefits or payoffs.
According to the Expectancy Value Theory (Vroom, 1964), two things affect why a person chooses to engage in a particular activity or action:
- Expectancy is the likelihood that a desired (instrumental) outcome will be attained as a result of the behaviour or activity.
- Value is the degree to which the individual appreciates the intended outcome.
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For a monopolist b. price is above marginal revenue.
<h3>What Is Marginal Revenue? </h3>
Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
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Answer:
As a result of an increase in the YTM, the price of the bond will fall $4677.19 from to $4593.67
Explanation:
The bonds are valued or priced based on the present value of annuity of interest payments and the present value of the principal. Based on the YTM of 7.8% the bonds are priced at,
coupon payment = 5000 * 0.067 *1/2 = $167.5
Semiannual YTM = 7.8 *0.5 = 3.9%
Semi annual periods to maturity = 8 * 2 = 16 periods
Old Price = 167.5 * [( 1 - (1 + 0.039)^-16 + 5000 / (1+0.039)^16
Old Price = $4677.19
New semiannual YTM = 8.1% / 2 = 4.05%
New Price = 167.5 * [( 1 - (1+0.0405)^-16) / 0.0405] + 5000 / 1.0405^16
New Price = $4593.67
