Supply refers to a relationship between price received for each unit sold and the quantity supplied.
<h3>What is supply?</h3>
Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.
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Answer:
1 and 3 option
Explanation:
Which of the following statements are correct concerning the present value of $1.00 five years from today discounted at 5%? The present value is equal to $1.00 divided by 1.05 to the 5th power and If the discount rate were more than 5%, the present value would be smaller.
To calculate present value:The present value is equal to $1.00 divided by 1.05 to the 5th power, Therefore
Present value= the future value/(1+r)n where n=5, r= 0.005 or 0.006
which will be 1/(1+0.05)5
=0.78
Note:The present value interest factor for a single sum is always equal to or less than 1 and the further in time, the smaller the present value interest factor
Explanation:
Face Value of Debenture Rs
100
Discount (Rs 100 x 5%) = Rs 5
:. Issue Price = Rs 95
Answer:
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Answer:
The Milgram experiment
Explanation:
The Milgram experiment was conducted by Stanley Milgram to observe the obedience of participants who were asked to give another participant the order to wrongfully answer questions. The participants were given high level of electrical shocks so that they would obey the authority figure.
The experiment proved that "normal" people would usually abuse of the power given to them as authority figures and that the other participant (the shocked one) will eventually follow the orders given to them by the authority figure even though it may compromise their moral values.