Answer: Option A. established cooperatives for storing and marketing farm output
Explanation:
The Granges consist of many group of people that are mainly farmers and other group of people. The Grange is based on farm and rural community value. The Grange helps people, especially farmers by established cooperatives for storing and marketing farm output. Most Granges support community service and volunteer work in addition to providing their members with a community with whom to discuss farming matters. The Grange tries to bring together people involved in different areas of agriculture as well as different parts of the community.
False.
If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD.
An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
There are 6 requirements for a verbal contract:
An offer. -- they had this
An acceptance. -- the contract was accepted
Competent parties who have the legal capacity to contract. - they both have the right to make this decision
Lawful subject matter. this is not an illegal operation
Mutuality of obligation. Both parties are obligated to do something in this case.
Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.
Answer:
Under CAPM:
Re = Rf + Beta(Rm - Rf)
Rf = 5%
Rm - Rf = 6%
Beta = 1.25
Re = 5% + (1.25 x 6%) = 12.5%
Under dividend discount model:
Re = (Div₁ / P₀) + g
Div₁ = $1.20
P₀ = $35
g = 8%
Re = ($1.20 / $35) + 8% = 11.43%
Under bond yield plus risk premium approach:
Re = Pre-tax cost of debt + risk premium over its own debt
Pre-tax cost of debt = 7%
risk premium over its own debt = 4%
Re = 7% + 4% = 11%
The highest cost of equity results from the CAPM model and it is 12.5% while the lowest results from using the bond yield plus risk approach (11%), the difference is 1.5% between them.
A) the marginal propensity to save is the number associated with y which is 0.8
B) the marginal propensity to save is 1-0.8 = 0.2
C) replace y with the 400 and solve: c = 40 + 0.8(400) = $360
D) Average propensity to consume = 360/400 = 0.9
E) 400-360 = $40
F) 40/400 = 0.1
