The value that would be assigned to this house if you decide to use it as your office would be $ 425300
<h3>How to solve for the value of the house using opportunity cost</h3>
To get the value of the house, you have to get the opportunity cost of the house. This is the foregone alternative or benefits forgone due to another choice.
The formula is opportunity cost = Apprised Value - Selling costs
The apprised value = $439,500.
selling cost = $14,200
$439,500 - $14,200
= $ 425300
Hence the value that should be assigned to it is $ 425300
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Price of the items = $24000
Discounts =30%, 25%, 15%.
Sale amount after discount,
100 - 30 = 70% = 0.7
100 - 25 = 75% = 0.75
100 - 15 = 85% = 0.85
Multiplying we get the discount = 0.7 x0.75 x 0.85 = 0.44625
So the net price = 0.44625 x 24000 = $10,710
It’s B, have a good day☀️
<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
