Most potential buyers already have a product that satisfies this need or want.
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Answer:
$8,925
Explanation:
Calculation of simple Interest is by the formula
I= P x r x t
Where I = Interest
p= principal
r= interest rate
t= time in years
In this case
I=$4016.25
p=???
r= 9% or 0.09
t=5 year
Therefore;
$4016.25= P x 0.09 x 5
$4016.25 = P0.45
P=$4016.25/0.45
P=$8,925
The principal is $8,925
Answer:
Explanation:
negative externality (NE)
positive externality (PE)
a. Overallocation of resources: NE
b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block. PE
c. Market demand curves are too far to the left (too low). NE
d. Under allocation of resources. PE
e. Water pollution from factory forces neighbors to buy water purifiers. NE
