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2 years ago

The distinction between efficiency and equality can be described as follows:

Business

1 answer:

larisa [96]2 years ago

5 0

Answer:

The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.

Explanation:

Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.

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Constance Hairston obtains a 20-year, $128,500 mortgage at 7% on a house selling for $128,500. Her monthly payment, includin

Mariulka [41]

Answer:

The total interest cost is 110, 602 dolars.

Explanation:

The total interest cost has been calculated below. The total interest cost is calculated by multiplying interest rate per month with outstanding loan balance.

Key

M means month there are 240 months in 20 years = 20 *12 =240

Os outstanding loan amount

P payment means monthly installment (principal + interest)

I mean interest per month (7%/12)

PP means payment towards principal

Bal outstanding loan balance = loan amount -principal paid

M OS P I pp Bal

1 128,500 996 749.58 246.68 128,253.32

2 128,253 996 748.144 248.12 128,005.21

3 128,005 996 746.697 249.56 127,755.64

4 127,756 996 745.241 251.02 127,504.63

5 127,505 996 743.777 252.48 127,252.14

6 127,252 996 742.304 253.96 126,998.19

7 126,998 996 740.823 255.44 126,742.75

8 126,743 996 739.333 256.93 126,485.82

9 126,486 996 737.834 258.43 126,227.40

10 126,227 996 736.326 259.93 125,967.46

11 125,967 996 734.810 261.45 125,706.01

12 125,706 996 733.285 262.97 125,443.04

13 125,443 996 731.751 264.51 125,178.53

14 125,179 996 730.208 266.05 124,912.48

15 124,912 996 728.656 267.60 124,644.87

16 124,645 996 727.095 269.16 124,375.71

17 124,376 996 725.525 270.74 124,104.97

18 124,105 996 723.946 272.31 123,832.66

32 120,145 996 700.843 295.42 119,849.18

180 51,011 996 297.567 698.69 50,312.80

181 50,313 996 293.491 702.77 49,610.03

182 49,610 996 289.392 706.87 48,903.16

183 48,903 996 285.268 710.99 48,192.17

184 48,192 996 281.121 715.14 47,477.03

185 47,477 996 276.949 719.31 46,757.72

186 46,758 996 272.753 723.51 46,034.21

187 46,034 996 268.533 727.73 45,306.49

188 45,306 996 264.288 731.97 44,574.51

189 44,575 996 260.018 736.24 43,838.27

190 43,838 996 255.723 740.54 43,097.73

191 43,098 996 251.403 744.86 42,352.88

192 42,353 996 247.058 749.20 41,603.68

193 41,604 996 242.688 753.57 40,850.10

194 40,850 996 238.292 757.97 40,092.14

195 40,092 996 233.871 762.39 39,329.75

196 39,330 996 229.424 766.84 38,562.91

197 38,563 996 224.950 771.31 37,791.60

198 37,792 996 220.451 775.81 37,015.79

199 37,016 996 215.925 780.33 36,235.46

200 36,235 996 211.374 784.89 35,450.57

201 35,451 996 206.795 789.47 34,661.11

202 34,661 996 202.190 794.07 33,867.04

203 33,867 996 197.558 798.70 33,068.33

204 33,068 996 192.899 803.36 32,264.97

205 32,265 996 188.212 808.05 31,456.92

206 31,457 996 183.499 812.76 30,644.16

207 30,644 996 178.758 817.50 29,826.66

208 29,827 996 173.989 822.27 29,004.39

209 29,004 996 169.192 827.07 28,177.32

210 28,177 996 164.368 831.89 27,345.43

211 27,345 996 159.515 836.74 26,508.68

212 26,509 996 154.634 841.63 25,667.06

213 25,667 996 149.725 846.54 24,820.52

214 24,821 996 144.786 851.47 23,969.05

215 23,969 996 139.819 856.44 23,112.61

216 23,113 996 134.824 861.44 22,251.17

217 22,251 996 129.799 866.46 21,384.71

218 21,385 996 124.744 871.52 20,513.20

219 20,513 996 119.660 876.60 19,636.60

220 19,637 996 114.547 881.71 18,754.88

221 18,755 996 109.403 886.86 17,868.03

222 17,868 996 104.230 892.03 16,976.00

223 16,976 996 99.027 897.23 16,078.76

224 16,079 996 93.793 902.47 15,176.30

225 15,176 996 88.528 907.73 14,268.56

226 14,269 996 83.233 913.03 13,355.54

227 13,356 996 77.907 918.35 12,437.18

228 12,437 996 72.550 923.71 11,513.47

229 11,513 996 67.162 929.10 10,584.38

230 10,584 996 61.742 934.52 9,649.86

231 9,650 996 56.291 939.97 8,709.89

232 8,710 996 50.808 945.45 7,764.44

233 7,764 996 45.293 950.97 6,813.47

234 6,813 996 39.745 956.51 5,856.96

235 5,857 996 34.166 962.09 4,894.86

236 4,895 996 28.553 967.71 3,927.15

237 3,927 996 22.908 973.35 2,953.80

238 2,954 996 17.231 979.03 1,974.77

239 1,975 996 11.520 984.74 990.03

240 990 996 5.775 990.48 -0.45

5 0

3 years ago

Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea

max2010maxim [7]

Answer:

Total FV= $678.615.02

Explanation:

First, we need to calculate the value of the annuity at the end of the last payment:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

Now, the total future value after 25 years:

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

6 0

2 years ago

What are the benefits of tracking income and spending according to a budget

Romashka [77]

Answer:

You won't go over on an account, also, if someone hacks into your account/ uses your money, you know who to contact, for you know that you didn't buy that item.

Explanation:

5 0

2 years ago

Read 2 more answers

"A forklift will last for only 2 more years. It costs $5,000 a year to maintain. For $20,000 you can buy a new lift that can las

BabaBlast [244]

Answer:

a. $2,465.82

b. $3,539.68

c. Yes, we should

Explanation:

Annual cost to maintain old forklift is $5,000

Equivalent Annual Cost (EAC) of new forklift = (Asset price x discount rate)/(1-(1+discount rate)-n), in which n is the number of year for usage of this forklift?

If discount rate is 4% per year, the EAC of new forklift is $2,465.82

= ($20,000x4%)/(1-(1+4%)-10)

If discount rate is 12% per year, the EAC of new forklift is $3,539.68

= ($20,000x12%)/(1-(1+12%)-10)

We should replace because with such above discount rate, the old forklift is more costly than the new one

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2 years ago

Suppose a country without any international trade opens its borders to international trade. after specialization how will its lo

Zanzabum

Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.

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3 years ago