Answer:
1.True
Explanation:
Ethical principles include honesty, equality, respect for rights, integrity, and adherence to the law. Yes, these principles are also applicable to society, in general, because these qualities are key factors that affect professionals such as engineers as well as society as a whole. As an Unethical practice can lead to a company shutting down if the public ends up turning against, if we talk about society, an unethical person in the society also can harm the whole society.
Answer:
Total surplus will be $0.50
Explanation:
We have given consumer maximum payable amount = $1.75
Producers minimum amount to receive = $1.25
Price paid = $1.68
We have to find the total surplus
Total surplus will be equal to
Total surplus = consumer surplus + producer surplus
Consumer surplus = consumer maximum amount willing to pay - amount paid = $1.75-$1.68 = $0.07
Producer surplus = price received - producer minimum willingness to pay = $1.68 - $1.25 = $0.43
So total surplus = $0.07+$0.43 = $0.50
Answer:
$15.77
Explanation:
Net payment cost index is a term that defines a method of calculating the actual price of an insurance policy to an insured in a situation where death comes up at the expiration of a given duration. Thus, the time value of money is fully considered, and it is calculated as this:
The accumulated premiums - accumulated dividends =
= > $79,156 - $24,400 = $54,756
Hence, $54,756 ÷ 34.719 (accumulated interest rate) = $1,577.11
$1,577.21 ÷ 100 = $15.77
Therefore, the net payment cost is = $15.77
Answer:
Solution attached in picture
Explanation: