Answer:
Shopping product
Explanation:
Shopping products refer to those products which require considerable time, efforts in research, discussions and opinions and which are not purchased frequently.
Such products are purchased after careful evaluation of all the alternatives available to an individual and after comparison of prices and offers.
Consumers in such cases take considerable time in arriving at the buying decision, whether to buy or not, or to delay such purchases. Such purchases require research and significant efforts on part of the consumer.
Answer:
1. Greece, Germany
2. 2.2 barrels of oil, 0.45 pairs of shoes
3. d. 10 barrels of oil per pair of shoes
Explanation:
a) Data and Calculations:
To produce a pair of shoes costs Greece 5 barrels of oil
To produce a pair of shoes costs Germany 11 barrels of oil
b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
You have the option of two equally risk annuity, each paying $5,000 per year for 8 years. The is an annuity due and the other is an ordinary annuity. If you are going to be receiving the annuity payments, the annuity due would you choose to maximize your wealth.
What is an Ordinary Annuity?
An ordinary annuity is a series of equal payment made at the end of consecutive periods over a fixed length of time. An standard annuity's payments can be paid as frequently as weekly, although in reality they are typically made monthly, quarterly, mid-annually, or yearly. An annuity due is the reverse of a Ordinary annuity in that payment are issued at the start of each period. Although they are connected, these two payments schedules differ from the financial instrument known as an annuity.
Learn more about Ordinary Annuity here:
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<span>The Structural Approach to kinesics studies all movement and sees all behaviors as important and communicative, and studies the KINE or the smallest unit of movement or motion. The External Variable approach however must be interpreted for it to be considered communication, and to be studied. Behaviors must also be full and completed, and it studies the KINEMORPH or the combination of lines, and specific whole movements. And it's also distinguished by idiosyncratic and shared info (personal behaviors/tendencies and behaviors with meaning for the particular group).</span>
