Tariffs can be helpful if the imports are unfairly cheaper than the domestic counterparts. This would level the playing field and help the domestic companies compete more effectively.
Tariffs can be harmful for consumers because there is strong possibility that the increased costs will raise consumer prices.
B offered to sell a boat to C for $35,000. C’s response stated “I accept your offer but I will also need the boat moved to my boat slip at the same marina.” in this there is no contract
Answer:
Explanation:
Linear Programming formulation:Total profit = 70X1 + 50X2= 170
Subject to:8X1 + 3X2 <= 14
10X1 + 6X2<= 22
X2<=15
X1>= 0
X2>=0
Option A. Jessie has the idea for a new phone app so he spend his money to set up a business
The cost to produce today = 74000
At a discount of 12%, the future value of costs in 5 years = PV*(1+r)^n where PV = 74000, r= 12% = 0.12 and n = 5 years = 5
The value of costs in 5 years = 74000*(1+0.12)^5
The value of costs in 5 years = 74000*1.12^5
The value of costs in 5 years 130,413.28
Price in 5 years = 138,000
Profit = 138,000-130,413.28 = 7,586.72
The profit the firm will make on this asset (considering time value of money) = $7,586.72
