Answer:
Total deposit is $39
Explanation:
Given
Required
Determine the total
To do this, we simply multiply each dollar bill or coin with its frequency and add up the results.
i.e.
So:
Consumer surplus is difference between the amount that consumers are willing and able to pay for a good or service
In this case, Nicki is willing to pay $1,100 for the camera, but she is only asked to pay 900. So Nicki has a consumer surplus of $200
Answer:
The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.
Explanation:
quantity demanded in this market @ $2= 3+2+1=6
quantity demanded in this market @$1.50 =4+5+3 =12
Net increase in quantity demanded is 12-6 = 6
Answer:
The lump sum payment = $23,585.49
Explanation:
The winning lottery is an example of an advanced annuity. <em>An advanced annuity is a series of cash flows that occurs for a certain number of years with the first cash flow occurring now.</em>
The first cash flow is represents one out of the five, so the balance is a four-year annuity.
So we can work out the present value of the annuity for the last four years as follows:
PV = (1 - (1+r)^(-n)/r ) × Annual cash flow
r = 3%=0.03, n = 4, Annual cash flow = 5000
PV = (1- ((1+0.03)^(-4))/0.03) × 5,000
= 3.7170 × 5,000
=$ 18,585.49
The lump sum payment = PV of the first payment + PV of the four year annuity
The lump sum payment = $5000 + $ 18,585.49
= $23,585.49
Answer:
Natural resources (land)
Labor (human capital)
Capital (machinery, factories, equipment)
Entrepreneurship
Explanation:
nature is the first key of success like having a land to start up
labor is the teamwork needed support between all ( all for one, one for all)
capital is needed just like food, no money no business
Entrepreneurship: it depends on what is the idea of business you want, and how it really help the community
