It should be noted that the study of how resources are distributed for production of goods and services within a social system is called Economics.
<h3>What is Economics?</h3>
Economics can be regarded as a social science which focus on the study of production as well as distribution, and consumption of goods as well as services.
Therefore, economics focus on how resources are distributed for production of goods.
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Answer:
1) Luxury
2) Necessity
Explanation:
1)The hair tie is a luxury good for Mike because Mike has a income elasticity of 5 which means that if mike's income decreases 1% his demand for the good decreases 5%, which shows that his demand for this good is highly sensitive to his income which is a characteristic of luxury goods, as you only buy luxury goods when your income increases.
2) It is a necessity for Sally because her income elasticity to the good is 0.2 which means every 1% change in income changes her demand by just 0.2%, which shows demand is not very sensitive to income and the quantity she buys them in dont rely much on her income, which is a sign of a necessity, you buy a certain amount of necessities regardless of your income.
Answer:
Option B is correct.
Explanation:
Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.
Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.
Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.
So the only statement that is correct is option B.
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Answer:
$1,256,000
Explanation:
Data provided in the question:
Number of semiannual payments received = 16
Amount of each payment = $100,000
Annual interest rate = 6%
Thus,
Semiannual interest rate = 
= 3% = 0.03
Now,
Payment = Amount × 
or
Payment = $100,000 × 
Payment = $100,000 × 12.56
or
Payment = $1,256,000
Answer:
C. Periodicals
Explanation:
In this case the most recommended source for use would be the periodicals.
Periodical publications are scientific publications made in electronic or on paper that address different topics and are published at regular intervals. So this would be a good source to enrich a research project with up-to-date information on the subject that you want to collect information about.
