Answer:
1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.
2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.
3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.
4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.
Explanation:
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Answer:
one-to-one Unary
Explanation:
It is one-to-one binary relationship because one student is grouped with one student only. Unary because they have the same relationship in the university and share the same class and learning procedures.
In binary relationships there are various entities for example in this situation if the university or colleges were different then it would have been binary .
In the given question only one student is teamed up with one student therefore it is one to one not one to many.
Answer:
Operation costing
Explanation:
Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process
Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing
Answer:
The answer is 5.96%
Explanation:
This is a semiannual paying coupon, meaning it makes payment twice a year.
N(Number of periods) = 40 years ( 20years x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $958.56
PMT( coupon payment) = $28 ( [5.6percent÷ 2] x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 40; PV = -958.56 ; PMT = 28; FV= $1,000; CPT I/Y
I/Y = 2.98%. Please note that this is for semiannual.
Therefore, annual YTM = 5.96%(2.98% x 2).
