Remember, don't try to think outside the box. The word could be "innovator." Which is just someone who thinks/dreams of new ideas or methods.
Answer:
A. Meredith's bank receives a letter of credit from the importer's bank.
Explanation:
Letter of Credit is a written undertaking given by a Bank (importer's bank) at the request of its customer (applicant), in which the Bank obligates itself to pay the exporter (seller/beneficiary) up to a stated amount within a prescribed time frame upon presentation of stipulated documents that conform to the terms and conditions of the documentary credit.
It is a common mode of payment used for the importation of visible goods which served to protect both the importer and exporter against exposure to the risk of default either in payment or delivery of goods.
Answer:LLLLLLLLLLLOOOOOOOOOOOOOOOOLLLLLLLLLLLLL
Explanation:
Answer: $118,304
Explanation:
Given the following:
End of year cashflow of portfolio is either :
$70000 or $195,000
Probability of either equals = 0.5
With a riskless investment in T-bills of 4% and a risk premium of 8%, then the expected rate of return = 12%
Therefore ;
Amount of portfolio × (1 + expected rate of return) = expected cashflow.
Expected cash flow = probability × end of year cashflow
Expected cashflow = (0.5 × 70000) + (0.5 × 195000)
= 35000 + 97500 = $132500
Therefore ;
Amount of portfolio × (1 + 0.12) = 132500
Amount of portfolio × 1.12 = 132500
Amount of portfolio = 132500/1.12
Amount of portfolio = $118,303. 57
=118,304
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.