Answer: Index
Explanation:
Any economic fact expressed in terms of number is known as Index,
Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.
Formula for the monthly payment:
M = P * r * ( 1 + r )^n / (( 1 + r )^n + 1 )
where: P = $100,000 r = 0.12 : 12 = 0.01 n =12 * 5 = 60
M = 100,000 * 0.01 * ( 1 + 0.01 )^60 / (( 1 + 0.01 )^60 + 1 ) =
= 1,000 * ( 1.01 )^60 / (( 1.01 )^60 + 1 ) =
= 1,000 * 1.8167 / 0.8167 = 1,000 * 2.22444 =
= $2,224.44
The monthly payment is $2,224.44.
Answer: they were generic, and they had no unique value communicated
Explanation:
Value proposition refers to the promise
that's made by an organization to its customers indicating why a product should be bought.
Since Clay looked through ten different propositions and found them to all be ineffective, the reason attributed to this will be due to the fact that the propositions were generic, and had no unique value communicated.
Answer: Marginal revenue is equal to price times quantity
Explanation:
A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.
In a perfectly competitive market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.
It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.
