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Neko [114]
3 years ago
14

Harold would be equally happy with receiving $95 today or $100 one year from today. Harold's friend Maud would bejust as happy r

eceiving $90 today or $100 one year from today. Based on this information, which of the following best describes the difference between Harold and Maud?a. Harold has a higher rate of time preference than Maud.b. Maud has a higher rate of time preference than Harold.c. Maud is poorer than Harold.d. Harold is older than Maud
Business
2 answers:
kap26 [50]3 years ago
7 0

Answer:

Maud has a higher rate of time preference than Harold

Explanation:

People with a higher rate of time preference are focused more on their present and the immediate future comfort  than other people.

When rate of time preference is higher the person is willing to give more on what they received in order to receive the benefit before.

FinnZ [79.3K]3 years ago
4 0

Answer:

.b. Maud has a higher rate of time preference than Harold

Explanation:

HAROLD MAUD

i=C*i*t i=C*i*t

5=95*I*1 5=90*I*1

I=5/95 I=10/90

 

5,26% 11,11%

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For example, if you're a Relationship manager, you are obliged to handled all the things related in maintaining good relationship with the customers

hope this helps
8 0
3 years ago
Young Company lends Dobson industries $40000 on August 1, 2022, accepting a 5-month, 9% interest note. If Young Company prepares
enot [183]

Answer:

INTEREST RECEIVABLE - - - - - - - - - 1500

INTEREST REVENUE - - - - - - - - - - - 1500

Explanation:

Lent amount = $40,000

Interest rate = 9%

Duration = August 1 - December 31st = 5 months

Lent amount × interest rate × duration

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Adjustment :

INTEREST RECEIVABLE - - - - - - - - - 1500

INTEREST REVENUE - - - - - - - - - - - 1500

5 0
3 years ago
Sellers of bottled water find that whether the price falls or rises, the quantity bought by consumers remains unchanged every we
Agata [3.3K]

Answer:

(C) perfectly inelastic.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is perfectly inelastic if a change in price has no effect on quantity demanded. Quantity demanded remains unchanged no matter the change in price.

Water is assumed to be a necessity so demand would not change no matter the change in price.

Demand is inelastic when a change in price has little or no effect on quantity demanded.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Demand is unitary elastic when a change in price has an equal erfect on quantity demanded.

I hope my answer helps you

5 0
3 years ago
2. What does the cash flow statement tell you about how costs are distributed over the life span of the project?
Sedaia [141]
They tell you that over time they changed and their prices went lower
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3 years ago
Customer relationship management applications are commonly integrated with a comprehensive enterprise resource planning implemen
kirill115 [55]

Answer:

True

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Customer relationship management always tries to reach out the potential customers so that they can increase their sales by knowing customer's interests. Organization always implement what they have planned and try to find out the most profitable customers.  

Organization always help the customer by knowing their necessity and improve their quality and productivity for the benefit of their organization.

3 0
4 years ago
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