Answer:
Total interest = 1239.12
Explanation:
Assume;
Loan amount = P
Annual payment = X
P[1st payment] = X/[1+0475]⁸
P[1st payment] = X/[1.0475]⁸
P[5th payment] = X/[1+0.0475]⁴
P[5th payment] = X/[1.0475]⁴
P[5th payment] = 699.68
So,
X = 699.68[1.0475]⁴
X = 842.39
P = (842.39/0.0475)(1 – 1/1.0475⁸)
P = 5,500 (Approx)
Total interest = [842.39 x 8] - 5,500
Total interest = 1239.12
From the calculation below, the profit-maximizing labor input is 0.0625, and the profit of the firm is 0.125.
<h3>How do we determine profit-maximizing labor input and profit?</h3>
From the question, we can obtain:
R = Revenue = Q*P = L^0.5 * 1 = L^0.5
C = Cost = w * L = 2L
P = Profit = R - C = L^0.5 - 2L
To obtain the profit-maximizing labor input, the first derivative of P is taken, equated to zero, and we solve for L as follows:
P' = 0.5L^-0.5 - 2 = 0
0.5L^-0.5 = 2
L^-0.5 = 2 / 0.5
L^-0.5 = 4
L^(-0.5/-0.5) = 4^(-1/0.5)
L = 0.0625 ----> profit-maximizing labor input
The profit (P) of the firm can now be calculated by substituting L = 0.0625 into the P function as follows:
P = 0.0625^0.5 - (2 * 0.0625) = 0.125 --------> Profit of the firm
Learn more about profit function here: brainly.com/question/16866047.
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Answer:
multinational organization
Explanation:
As it is a non-profit it is not a corporation and because, it made operations and transaction around the globe. Therefore, it should be considered multinational as it is not constraint within the frontiers of a single country.
The most famous multinational organization, are the christian organization like:
- Catholic Charities U.S.A
- The Salvation Army
- The Young Men’s Christian Association (YMCA)
pls follow me
Explanation:
The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Answer:
This is an example of <u>"arbitration".</u>
Explanation:
When someone resolve the disputes outside the court, and that person is the third party who is solving the dispute of two parties, this process is known as arbitration. As in the given scenario Dr, hamrick is hired to resolve the disputes of the employees of the company, so this is the example of the process of arbitration.
