Answer:
There is something wrong with this question because October to February is not four months, it's five months.
We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).
- 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
- 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200
No option is correct.
False. Price ceilings, provided there are no other government policies in place, will cause deadweight loss. Diagram provided.
Answer:
$75
Explanation:
Let, the payment made towards US Speedy credit card be 'U'
Therefore,
According to the question:
Payment made towards Express credit card, E = 3U
Total for the two cards = U + E
= U + 3U
= 4U
also,
Payment made towards passport credit card = 15% of 4U
= 0.15 × 4U
= 0.6U
Given: Total payment made = $575
Therefore,
E + U + 0.6 U = $575
or
3U + U + 0.6U = $575
or
4.6U = $575
or
U = $125
Hence,
Payment made towards passport credit card = 0.6U
= 0.6 × $125
= $75
B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.
