Answer:
Amount Receive from compensatory damage = $500
Explanation:
Given:
Amount Receive from Central Construction Corporation = #4,500
Amount Receive from new job = $4,000
Amount Receive from compensatory damage = ?
Computation of amount Receive from compensatory damage:
Amount Receive from compensatory damage = Amount Receive from Central Construction Corporation - Amount Receive from new job
Amount Receive from compensatory damage = $4,500 - $4,000
Amount Receive from compensatory damage = $500
Note: Bob contracts with CCC for $4,500 but the contract is severed. In the new job Bob finds he gets $4,000 where he loses $500. Bob will sue CCC and get compensation for $500.
Answer: Job sharing
Explanation:
Job sharing is a method of dividing a full time job into two parts time jobs that can be performed in shifts between the two individuals, so that when one person is working the other is resting and vice versa. John and Tom wants to convert their tedious jobs to a single job that can be shared between themselves.
Answer:
2 cents
Explanation:
The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents
The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175
The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)
Minimum price = Maximum (2 , 1.47, 0) = 2 cents
Answer: When total surplus gets maximized, then economy meet economic efficiency.
Explanation:
Economic efficiency is described as a thinking that there is one possible way to make situation better by imposing a cost on another.
Total surplus is described as the sum of producer and consumer surplus.
It gets maximized in a perfect competition (hit free-market equilibrium).
i.e. It gets maximized when both consumer and producer surplus is maximum, and then the economy meet economic efficiency.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.
Bank A:
initial investment $105,000
n=[ln(FV/PV)]/ln(1+r)
n=[ln(188000/105000)]/ln(1+0.073)= 8.26 years
Bank B:
Effective rate= 0.073/12= 0.0061
n=[ln(188000/105000)]/ln(1+0.0061)= 95.78 months/12= 7.98 years