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Mila [183]
3 years ago
5

Common car loan duration

Engineering
1 answer:
chubhunter [2.5K]3 years ago
4 0

Answer:

In 2019, the average term length was 69 months for new cars and 65 months for used vehicles. Most car loans are available in 12 month increments, lasting between two and eight years. The most common loan terms are 24, 36, 48, 60, 72, and 84 months, according to Autotrader

Explanation:

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At an auction of antiques, a bidder for a particular porcelain statue would be trying to ________(a) Maximize the difference bet
alex41 [277]

Answer: MINIMIZE INPUT

Explanation: AUCTION this is a process of selling a product,an Art work other tradeable assets like stocks, bonds based on the person with the highest BIDDING( Higher amount). In most cases the person buying will try to control his bidding to the MINIMUM AMOUNT in order for him to avoid spending higher than expected. Auction sale is sometimes used when trying to sell off old products which has been held for a long time, sometimes Auctions are used to raise funds for a particular Reason like the sale of ARTIFACTS.

5 0
3 years ago
Urgent please help me...
Pepsi [2]
Scuze , am incercat , dat chiar nu stiu. Prefer sa nu raspund si sa scriu asta decat sa raspund gresit.❤️
7 0
3 years ago
What is the least count of screw gauge?<br> (a) 0.01 cm<br> (b) 0.001 cm<br> (c) 0.1 cm<br> (d) 1 mm
Nonamiya [84]
Its 0.001

0.01 x100 = 1mm
0.001x100=0.1mm
0.1=10mm
1m
3 0
3 years ago
Outline the structure of an input-output model (including assumptions about supply and demand). What is an inverse matrix? Why i
pishuonlain [190]

Answer:

Explanation:

C.1 Input-Output Model

It is a formal model that divides the economy into 2 sectors and traces the flow of inter-industry purchases and sales. This model was developed by Wassily Leontief in 1951. In simpler terms, the inter-industry model is a quantitative economic model that defines how the output of one industry becomes the input of another industrial sector. It is an interdependent economic model where the output of one becomes the input of another. For Eg: The Agriculture sector produces output using the inputs from the manufacturing sector.

The 3 main elements are:

Concentrates on an economy which is in equilibrium

Deals with technical aspects of production

Based on empirical investigations and assumptions

Assumptions

2 sectors - " Inter industry sector" and "final sector"

Output of one industry is the input for another

No 2 goods are produced jointly. i.e each industry produces homogenous goods

Prices, factor suppliers and consumer demands are given

No external economies or diseconomies of production

Constant returns to scale

The combinations of inputs are employed in rigidly fixed proportions.

Structure of IO model

See image 1

Quadrant 1: Flow of products which are both produced and consumed in the process of production

Quadrant 2: Final demand for products of each producing industry.

Quadrant 3: Primary inputs to industries (raw materials)

Quadrant 4: Primary inputs to direct consumption (Eg: electricity)

The model can be used in the analysis of the labor market, forecast economic development of a nation and analyze economic developments of various regions.

Leontief inverse matrix shows the output rises in each sector due to a unit increase in final demand. Inverting the matrix is significant since it is a linear system of equations with unique solutions. Thus, the final demand vector for the required output can be found.

C.2 Linear programming problems

Linear programming problems are optimization problems in which objective function and the constraints are all linear. It is most useful in making the best use of scarce resources during complex decision makings.

Primal LP, Dual LP, and Interpretations

Primal linear programming: They can be viewed as a resource allocation model that seeks to maximize revenue under limited resources. Every linear program has associated with it a related linear program called dual program. The original problem in relation to its dual is termed as a primal problem. The objective function is a linear combination of n variables. There are m constraints that place an upper bound on a linear combination of the n variables The goal is to maximize the value of objective functions that are subject to the constraints. If the primal linear programming has finite optimal value, then the dual has finite optimal value, and the primal and dual have the same optimal value. If the optimal solution to the primal problem makes a constraint into a strict inequality, it implies that the corresponding dual variable must be 0. The revenue-maximizing problem is an example of a primal problem.

Dual Linear Programming: They represent the worth per unit of resource. The objective function is a linear combination of m values that are the limits in the m constraints from the primal problem. There are n dual constraints that place a lower bound on a linear combination of m dual variables. The optimal dual solution implies fair prices for associated resources. Stri=ong duality implies the Company’s maximum revenue from selling furniture = Entrepreneur’s minimum cost of purchasing resources, i.e company makes no profit. Cost minimizing problem is an example of dual problems

See image 2

n - economic activities

m - resources

cj - revenue per unit of activity j

4 0
3 years ago
Read 2 more answers
3. This material is considered flammable.
almond37 [142]

Answer:

All of the above

Explanation:

Most of materials are flammable because of the chemicals theyre made up of.  Most materials that are bought say to keep them at room temature for a reason.

4 0
2 years ago
Read 2 more answers
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