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2 years ago

10

A couple listed their home for $237,000. They accepted an offer of $230,000 from a buyer who is obtaining financing with a $46,0

00 down payment. The seller has agreed to pay the agent a commission of 5.5%, which would be

1 answer:

Deffense [45]2 years ago

4 0

$12,650.

$230,000 × 5.5%, or $12,650.

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If you show the audience the impact of brain injuries in child athletes and then tell how to improve the situation, you are usin

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<span>The answer to this question is Problem and solution organizational pattern. In Problem and solution organizational pattern it presents the problem and what caused the problem then explains the possible solution for the problem. Using this kind of organizational pattern, it can persuasive listeners and can tend to let the audience believe in the solution that the person is implying. </span>

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3 years ago

Standard Quantities Allowed of Labor and MaterialsMiel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 1

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Answer:

Part I :

1) Total amount of oats allowed = 960000*16 = 15360000 ounce

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3 years ago

Robert treats coffee and creamer as perfect complements and has very specific requirements for the ratio of creamer to coffee. H

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Answer:

a. Robert's optimal consumption bundle contains <u>9.18</u> cups of coffee and <u>45.88</u> packets of creamer.

b. Zero packets of creamer is the substitution effect.

Explanation:

a. Suppose that Robert has $39.00 to spend on coffee and creamer. His optimal consumption bundle contains _______cups of coffee and _________

The consumption ratio can be stated as follows:

5 Creamer = 1 cup of coffee

Budget line has an equation can also be given as follows:

B = (Pm * Qm) + (Pf * Qf) ...................... (1)

Where;

B = Budget = The amount Robert has to spend on coffee and creamer = $39.00

Pm = Price of creamer = $0.25

Qm = Quantity of creamer = ?

Pf = Price of coffee = $3.00

Qf = Quantity of coffee = ?

39 = (0.25 * Qm) + (3 * Qf)

39 = 0.25Qm + 3Qf

Since "5 Creamer = 1 cup of coffee". This also implies thal 1 creamer = 1 / 5 cup of coffee. Therefore, we have;

39 = 0.25Qm + (3 * 1/5 * Qm)

39 = 0.25Qm + (3/5)Qm

39 = 0.25Qm + 0.60Qm

39 = 0.85Qm

Qm = 39 / 0.85

Qm = 45.88

Qf = 45 / 5 = 9.18

Therefore, Robert's optimal consumption bundle contains <u>9.18</u> cups of coffee and <u>45.88</u> packets of creamer.

b. Now, suppose that the price of creamer rises to $0.50 per packet. What is the substitution effect of this price change?

Since Robert treats coffee and creamer as perfect complements, this implies that there there is nothing like substitution effect under this condition.

Therefore, zero packets of creamer is the substitution effect.

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3 years ago

The law of diminishing returns is often used to analyze the ideal amount of which factor of production?

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3 years ago

Read 2 more answers

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Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.

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3 years ago