All categories

2 years ago

Shelly purchases a leather purse for $400. One can infer that:

Business

1 answer:

denpristay [2]2 years ago

8 0

Answer:

B. her reservation price was at least $400.

Explanation:

Reservation price: It shows a limit on a price of purchase and selling of products and service rendering.

In the demand side, this price represents the higher price that the buyer is willing to pay to purchase the goods whereas, on the supply side, this price represents the lower price that the seller is willing to sell the goods.

In this question, the Shelly purchase a leather purse for $400 which means the minimum price would be $400

So, all other options except B are incorrect as option B is the most appropriate.

You might be interested in

Who wanna tlk im boooored

Lana71 [14]

Answer:

sure why not

Explanation:

4 0

2 years ago

Read 2 more answers

you wish to buy a $25,000 car. the dealer offers you a 4-year loan with a 9 percent apr. what are the monthly payments?

NeTakaya

In order to buy a car worth $25,000 a monthly payment of $622.12 is required.

Mortgages are one type of loan that frequently has a structure that calls for a stream of identical monthly payments. The lender can assess whether the customer's budget can support equal monthly payments by doing so.

Suppose the monthly payment is M.

With 9 percent APR, the effective monthly rate is 9%/12 = 0.75%.

There will be 12 x 4 years, or 48 monthly payments.

The face value of the loan must be equal to the present value of these monthly payments, or

${}\sum_{t=1}^{48}{\frac{M}{(1 + 0.75\%)^t}} = 25,000, {}$

which yields M = 622.12.

If you only paid interest, the monthly payment would be calculated as follows: principal * monthly interest rate (9% /12) = 25,000*0.75% = 187.5.

The results would be that after five years, you would still owe the whole amount of $25,000 and would have to pay $11,250 in interest.

Learn more about loans:

brainly.com/question/11794123

#SPJ4

4 0

11 months ago

The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is

dalvyx [7]

The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as Skimming price strategy

Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.

Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.

An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.

Learn more about Skimming prices here:brainly.com/question/20927491

#SPJ1

8 0

2 years ago

Mr. divers retired last year with a small pension. he also has a mutual fund account made entirely up of stable fixed-rate bonds

Morgarella [4.7K]

Mr. Divers will be affected bey th unatnticpated inflation causng his retirement account to be worth less in the future than before inflation. Due to inflation, the prices of goods and services rise causing his money to be spent in a shorter time period on less items then it would have if it were spent without any type of inflation issues.

7 0

3 years ago

A bank is required to maintain an average daily balance at the Fed of $700 million. On the first day of the maintenance period i

IRINA_888 [86]

Answer:

$650 million

Explanation:

Calculation to determine the What does its balance at the Fed has to be on the last day of the maintenance period in order to have a zero cumulative reserve deficit

First step is to determine the balance maintained for 13 days in term of product

Using this formula

Product=Numbers of days Balance maintained for those days

Day Balance Product

1 *$750 million=$750 million

2* $725 million=$1,450 million

3* $625 million=$1,875 million

3* $775 million=$2,325 million

2*$700 million=$1,400 million

2*$675 million=$1,350 million

13 $9,150 million

($750 million +$1,450 million+$1,875 million+$2,325 million+$1,400 million+$1,350 million)

Now let calculate the required balance on the last day

Maintained required for 14 days in term of product $9,800 million

(14*$700 million)

Less balance maintained for 13 days in term of product ($9,150 million)

Required balance on the last day $650 million

($9,800 million-$9,150 million)

Therefore its balance at the Fed has to be $650 million on the last day of the maintenance period in order to have a zero cumulative reserve deficit.

3 0

2 years ago