The statement " Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion" is true.
<h3>What consumer protection?</h3>
Consumer protection can be defined as the way of protecting consumer or buyers against trade practice that is unjust.
Hence, the statement is correct because consumer protection help to praise and as well safeguard unconscionable contracts and contracts of adhesion.
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Answer:
$404,634
Explanation:
the formula that we can use to calculate equivalent annual costs is:
EAC = asset price x {discount rate / [1 - (1 + discount rate)⁻ⁿ]} + annual maintenance costs
EAC = $2,100,000 x {0.09 / [1 - (1.09)⁻¹⁹]} + $170,000
EAC = $2,100,000 x {0.09 / [1 - (1.09)⁻¹⁹]} + $170,000 = $234,634 + $170,000 = $404,634
EAC is basically the cost of using an asset during its lifetime. We are determining the cost per year, assuming that they are all equal.
Answer:
$11.67
Explanation:
Here, we are asked to calculate the present worth of some amount of shares today given the discount rate and some other information.
To calculate this, we have to proceed mathematically
The present amount = (Amount paid per share dividend) * (1 + annual increment)/(discount rate - annual increment)
From the question, we identify these values as;
Amount paid per share dividend = $1
Annual increment = 5% or 0.05
Discount rate = 14% or 0.14
Plugging these values we have;
Po=$1*(1+0.05)/(0.14-0.05)
Po=$11.67
Answer:
(A). It is given that the production function is 
. All the variables are in per workers terms. Like y) is output per worker and lu is the capital-labor ratio.
The Depreciation rate is 
= 0.04 and the Savings rate is 
= 0.2
a) At steady-state the change in capital is zero. The calculation of capital-labor ratio given steady state is as follows:
Δk = 0
Thus, the steady-state value of the capital-labor ratio is
(b) to calculate consumption per worker, first calculate the output per worker and then calculate the consumption per worker. The calculations are as follows:
The output per worker is 20
The calculation of steady-state value of the consumption per worker is as follows
C= (1—s) y
C = (1— 0.2)20
C= 0.8 x 20
C = 16
Thus, the consumption per worker at the steady state is 16
