3 years ago

The condition of fully flexible wages and prices was assumed by

1 answer:

8 0

The answer to this question is <span> B) the classical economists.
Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.
In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)</span>

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At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an a

Yanka [14]

Answer:

n = ㏒ P ÷ ㏒ (1.08)

Explanation:

Compound interest rate

A = P × $(1 + r)^{n}$

where

P = principal amount (the initial amount you borrow or deposit)

r = annual rate of interest (as a decimal)

A = amount of money accumulated after n years, including interest.

n = number of years

Since we want the principle amount to double i.e., A = 2P

put this in above equation

2P = P × $(1 + r)^{n}$

divide both sides by P, we get

P = $(1 + r)^{n}$

put r = 0.08

P = $(1 + 0.08)^{n}$

P = $(1 .08)^{n}$

Taking log on both sides

㏒ P =㏒ $(1 .08)^{n}$

㏒ P = n ㏒ (1.08)

n = ㏒ P ÷ ㏒ (1.08)

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3 years ago

An event management company is considering the position of head of customer relations. Among the group leaders, Ms Hoa Mr Lam ar

svetlana [45]

Answer:

ms Hoa

Explanation:

Ms Hoashould be chosen because she is an agile active person who has extensive relationships with customers and because the company is looking for a person to head the customer relations department she is better candidate than mr Lam

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2 years ago

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Which journal entry below would be properly used to record an issuance of an installment note (borrowing money) from first bank

Drupady [299]

Principal of the note

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3 years ago

Miley's business of gift items is earning her good profits. She is the sole proprietor of the business and wishes to expand it.

Advocard [28]

I think B idk for sure

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