D- While people's wants are unlimited, resources are limited. Economics itself is a study of how to allocate limited resources to satisfy unlimited wants. This emanates from a basic fact of human existence that individuals are<span> never totally satisfied with the quantity and variety of goods and services they consume</span>. Basically, people never acquire enough. They always have something else they need or want. These two problems of limited resources and unlimited wants has afflicted humanity since time immemorial. In fact, war as a human tradition emanated out of the need to satisfy unlimited human wants and needs in a resource limited environment.
<span>4200
For this problem, imagine having the 10 programmers line up randomly, assign the 1st 3 programmers to the 1st job, then assign the next 3 programmers to the 2nd job, and finally assign the remaining 4 programmers to the last job. So with that in mind, let's look at the numbers:
1. There are 10! different ways to arrange the 10 programmers in the line.
2. Of the 1st 3 programmers, we really don't care what their exact order is, so we divide the total by the number of ways of arranging those 3 programmers which is 3!
3. Of the next 3, once again, we don't care about their exact order, so we divide again by 3!
4. And of the final 4, we still don't care about their exact order, so we divide by 4!.
So the number of ways of arranging those 10 programmers is 10!/(3!3!4!) = 3628800/(6*6*24) = 3628800/864 = 4200</span>
Answer:
C) $40,000.
Explanation:
As we know, the net income is a difference between the total revenues and the total expenditure incurred
Net income = Total revenues earned - Total expenditure incurred
= $100,000 - $60,000
= $40,000
By subtracting the total expenses from the total revenues we can find out the net income and the same method is applied in the above calculation
Answer:
$918.48
Explanation:
price of bond A after the interest rate increased to 5% and the time to maturity is 3 years:
PV of face value = $1,000 / (1 + 5%)³ = $863.84
PV of coupon payments = $20 x 2.7232 (PV annuity factor, 5%, 3 periods) = $54.46
Market value of bond A = $863.84 + $54.46 = $918.48
Since the market rate is higher than the coupon rate, the bond will sell at a discount.
Answer:
Option (D) is correct.
Explanation:
When the government sets the price of a particular good above the equilibrium level is known as the binding price floor. But this will lead to an increase in the price level or we can say that will lead to an inflation. Hence, there is a fall in the purchasing power of the consumers and therefore, fall in the demand of goods.
So, this would create a surplus of goods due to the unsold quantity of goods.
