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Roman55 [17]
3 years ago
9

You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier tha

n driving yourself that you are willing to pay $21 for the same trip tomorrow. Determine if you have violated the law of demand based on your choices, and why or why not that is the c
Business
1 answer:
solniwko [45]3 years ago
6 0

Answer: a.do not violate the law of demand because your preference for the product changed after you experienced the good.

Explanation:

Tastes and preferences are one of the determinants of demand. The way a person feels about a product can determine if they want more of it or less and this therefore affects demand for products.

You <em>preferred</em> the Uber ride to driving yourself and so were willing to pay more for it so the law of demand was not violated.

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Suppose that a 1-year zero-coupon bond with face value $100 currently sells at $89.75, while a 2-year zero sells at $79.88. You
Sindrei [870]

Answer:

11.89%

Explanation:

You can use a financial calculator to find the yield to maturity of the 2 year -zero coupon bond. Input the following;

Time to maturity; N= 2

Face value of the bond  ; FV = 100

Annual coupon payments; PMT = 0 (since it's a zero-coupon bond)

Present value or price of the bond; PV = -79.88

Next, compute the annual interest rate; CPT I/Y = 11.89%

Therefore, the yield to maturity of the 2-year zero-coupon  bond is 11.89%

7 0
3 years ago
You have graduated from college and, after working hard for ten years, have scraped enough money together to make a down payment
sasho [114]

Answer:

A conspiracy crime

Explanation:

Note that the tem consipiracy could also mean knowingly supporting directly or indirectly in a set course of action with another.

Thus, since the homeowner did not prevent the illegal actions of her acquaintance out of loyalty for her, the homeowner became part of an illegal drug sale conspiracy. This is further evident from the fact that the homeowner

gave the acquaintance three weeks to move out; in a sense giving more ample time for the illegal transactions.

6 0
3 years ago
Local Co. has sales of $ 10.7 million and cost of sales of $ 5.9 million. Its​ selling, general and administrative expenses are
storchak [24]

Explanation:

The computation is shown below:

a. The gross margin is

Gross margin = (Sales revenues - Cost of sales) ÷ (Sales revenues) × 100

= ($10.7 million - $5.9 million) ÷ ($10.7 million) × 100

= 45%

b. The local operating margin is

= (Operating income ÷ Sales) × 100

where,

Operating income is

= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) ÷ (Sales revenue) × 100

= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) ÷ ($10.7 million) × 100

= ($1.65 million)  ÷ ($10.7 million) × 100

= 15.42%

c. Net profit margin

= (Net profit ÷ Sales) × 100

where,

= (Sales - cost of sales - selling, general & administrative expenses - research & development - Depreciation & Amortization) × (1 - tax rate) ÷ (Sales revenue) × 100

= ($10.7 million - $5.9 million - $0.55 million - $1.2 million - $1.4 million) × (1 - 0.35) ÷ ($10.7 million) × 100

= ($1.0725 million)  ÷ ($10.7 million) × 100

= 10.02%

3 0
3 years ago
What does compounding interest mean??
ivolga24 [154]
Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!
7 0
3 years ago
Should you be able to keep your genetic information confidential
tangare [24]
Genetic information should indeed be confidential. You genetic outline can have what diseases you have, what you don't. Other people can discriminate your genetic DNA. 
3 0
4 years ago
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