Answer:
- <u><em>To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.</em></u>
Explanation:
To answer this question you need the <em>comparative costs of living</em> in each of the trhee cities.
In a similar question, you can find the <em>cost of iiving indexes</em> for <em>Atlanta, Boston,</em> and <em>San Francisco</em>. Here is the table:
<em />
<em> Cost of living index</em>
<em>City (100 = U.S. City average)</em>
<em>Atlanta, GA 98</em>
<em>Boston, MA 160</em>
<em>San Francisco, CA 245</em>
Thus, to determine which offer <em>Juan should accept to maximize the purchasing power of his income</em>, divide each income by the cost of living index.
<u>Atlanta, GA:</u>
<u />
<u>Boston, MA</u>
<u>San Francisco, CA</u>
Rank the adjusted earnings in decreasing order:
- $510.20 > $437.50 > $407.16
Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.
Answer:
$338,805.68
Explanation:
The computation of the amount of annual level of expenditure is shown below
Here we use the PMT formula
Given that
NPER = 15
RATE = 8%
FV = $0
PV = $2,900,000
The formula is shown below:
= PMT(RATE, NPER,-PV,FV,TYPE)
The present value comes in negative
After applying the above formula, the amount of annual level of expenditure is $338,805.68
Answer:
Grandmother should purchase 2 units of both products
Explanation:
Let's denote
MU = Marginal utility
P = Price
Q = Quantity
The Utility will be maximum when both unit's MU/P is equal
Product A
Q MU P MU/P
1 80 $5 16
2 40 $5 8
3 30 $5 6
4 15 $5 3
5 7 $5 1.4
6 6 $5 1.2
7 5 $5 1
8 3 $5 0.6
Product B
Q MU P MU/P
1 30 $2 15
2 16 $2 8
3 15 $2 7.5
4 14 $2 7
5 13 $2 6.5
6 12 $2 6
7 11 $2 5.5
8 10 $2 5
As you can see above MU/P is same when grandma purchase 2 product each to maximize utility.
401(k) is an employer-provided plan, IRA isn't.
Answer:
point of difference
Explanation:
Points of difference is the term that also describes the salient features that make a product stand out from its competitors. There are unique traits that make a product different from the rest. Points of difference are also referred to as differentiators or key differentiators.
Marketers use the point of difference to advertise or promote a product. They highlight the stand-out attributes to convince customers to buy.