Answer:
$444.07
Explanation:
EMI = [P * I * (1+I)^N]/[(1+I)^N-1]
P =loan amount or Principal = 30750
I = Interest rate per month = .0565/12
N = the number of installments = 7*12 = 84
EMI = [30750*.0565/12* (1+(.0565/12))^84]/[(.0565/12))^84-1]
EMI = [30,750 * 0.0565 / 12 * 1.48374877204] / [1.48374877204 - 1]
EMI = 214.819001902 / 0.48374877204
EMI = $444.07
Answer: lower cost
Explanation:
An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.
In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.
Therefore, the correct option is B.
Option A. The market would be at equilibrium.
Answer:
The two location will have the same total cost for a volume of 40 items.
Explanation:
The cost function C for the alternatives in terms of the variable cost V and the fixed cost F, being x the selling items, can be expressed as:
C = F +V.x
Thus for the alternatives A and B the corresponding cost function Ca and Cb will be:
Ca = Fa + Va.x
Cb = Fb + Vb.x
Replacing the fixed and variables values for eahc alternatives:
Ca = 100,000 + 13,000x
Cb = 300,000 + 8,000x
By equalling the cost:
Ca = Cb
100,000 + 13,000*x = 300,000 + 8,000*x
13,000x -8,000x = 300,000 - 100,000
5,000x = 200,000
x = 200,000 / 5,000 = 40
The cost functions will be equal for a 40 volume of items.
Answer:
gives buyers an incentive to buy less of the good than they otherwise would buy
Explanation:
The tax on the product means that it provided the inventive to the buyer in the case when the buyer purchase less of the product as compared when they purchase in other way
So according to the given situation, the tax on a good fits to the first option only
Therefore only first option is correct
Hence, the other options seems incorrect