Answer and Explanation:
1> Let's solve the standard economic model first based on rational expectation.
Since the medium willingness to pay is $5, we can assume half the people have more willingness to pay than $5 and half the people have less. (Since it's a large class, we can assume this)
So, half of them who got the mug will sell, according to standard theory.
2> Now behavioral economist will disagree. People who got the mug, get an emotional and nostalgic attachment with it, thus they would not like to sell it because they get utility after having something, so by behavioral theory, less than half of pupils who got the mug will sell.
The answer is 391 667
I think it is right so be sure to check just in case
good luck
Answer:
$544
Explanation:
LIFO means last in first out. It means it's the last purchased inventory that is the first to be sold.
The cost of the 250 units sold would be first deducted from the inventory purchased on the 25th
= 100 × 2.34 = $234
That leaves 250 - 100 = 150 units.
The cost of goods sold would be next allotted to the inventory purchased on the 9th
= 50 × 2.20 = $110
This leaves 150 - 50 = 100
The cost of the 100 would be alloted to the beginning inventory
100 × $2 = $200
Total cost of goods sold = $200 + $110 + $234 = $544
I hope my answer helps you
Answer:
The correct answer is:
(1) $15,054
(2) $12,990
Explanation:
The required table is not given in the question. Please find below the attachment of the table.
Given:
Future value,
= $30,000
If discounting rate is 9%, the present value will be:
= 
= 
= 
= 
($)
If discounting rate is 11%, the present value will be:
= 
= 
= 
= 
($)
