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3 years ago

As a component of real estate value, the principle of substitution states that

Business

1 answer:

k0ka [10]3 years ago

3 0

Answer:

a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.

Explanation:

The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.

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Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to

Nuetrik [128]

Answer: true, there is an equilibrium.

Explanation:

the above game is a pure strategy. A pure strategy occur when the game is strictly determined. the criteria used to determine the pure strategy is maxi-min and min-max. max-min means selecting the least case from all best cases and min-max means selecting the best from all least cases.

Base on the criterion, the least out of all best for max-min is 1 unit and the best out of all least cases for min-max is 1 unit. the max-min is equal to the min-max,hence it strictly determined and therefore a pure strategy.

5 0

3 years ago

A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.

Gre4nikov [31]

A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.

3 0

3 years ago

Privo Co. purchases a machine that cost $15,000. Privo estimates a 5-year life with no salvage value. The first three years of d

Ierofanga [76]

Answer:

Double-declining balance method

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate

And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600

And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160

6 0

3 years ago

Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summ

marin [14]

Answer:

Net Sales

Gross Revenue $‭101,200

Less:

Sales Discount $288

Sales Returns $1,000 $1,288

Net Sales $‭99,912‬‬

Gross revenue = 83,200 + 18,000 = $‭101,200‬

Gross Profit

Net Sales $‭99,912‬

Less: Cost of Goods sold ($‭52,747‬)

Gross Profit $‭‭47,165‬

Cost of goods sold

= 44,797 - 600 + 8,550

= $‭52,747‬

7 0

3 years ago

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for C

yarga [219]

Answer:

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price

The consumer surplus of the 10th scarf :

Willingness to pay for the 10th scarf - price of the scarf

Willingness to pay for the 10th scarf = $200 / 10 = $20

Consumer surplus = $20 - $12 = $8

I hope my answer helps you

5 0

3 years ago

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