Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
A circular flow economy includes buying and selling between businesses, households, and governments.
The government takes money in through taxes and tariffs, and has expenditures on things like roads, military spending, and other federally funded programs. In this way the government both gives and takes in the economy.
Answer: Option (F)
Explanation:
International trade tends to allow nations to expand their respective markets for commodities, goods and services which otherwise wouldn't have been available. As the outcome of the international trade, market tends to contain the greater competition, thus indirectly tends to have competitive prices, that further brings cheaper commodities home to consumer.
The vital point under this scenario is that within the past decade due to technological transformation the cost of communication has decreased drastically and thus has always impacted International trade.
Answer:
You didn´t post the question complete. So I found the expected rate of return. Hope be useful.
Explanation:
Required rate of return on stock = 13%
Expected rate of return is calcualted below Using DDM model:
Expected rate of return = [$1.80 × (1 + 6%) / ($25)] + 6%
= ($1.908 / $25) + 6%
= 7.632% + 6%
= 13.632%
Expected rate of return is 13.632%.
When purchasing a vehicle, the one that would initially offer the lowest monthly payment is :
Ballot payment plan
Even though it has the lowest monthly payment, it usually would has a larger one time payment at the end of the term
