<span>The four characteristics used to classify retail stores are: the type of merchandise sold; the variety and assortment of merchandise sold; the level of customer service; the price of the merchandise. For example, we know that Whole Foods and Aldi are both grocery stores. However, Whole Foods provides different types of merchandise and provides a different level of customer service, as they focus on organic and healthy foods and their employees bag groceries. Aldi, on the other hand, focuses on cheaper foods without much heed to organic or health materials, and they do not bag groceries.</span>
Answer:
Ans. c) The annual percentage rate of the loan is approximately 913%
Explanation:
Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.
That is:
So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.
That is 913% per year.
Best of luck.
Answer:
I believe the APY would be $520 for the rounded version and $520.20 for the not rounded
(not completely certain since i didnt fully understand)
Explanation:
using the formula for calculating compounding semi annualy
A = P(1 + r)t
A= 500(1+0.02)2 (i put 2 instead of one year because its semi annually so twice)
A= 500(1.02)2
A= 500x1.04=$520(rounded)
A=500x1.0404= $520.20(not rounded)
Please correct me if I understood your question wrong
Answer:
summing horizontally the segments of the MC curves lying above the AVC curve for all firms.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
The short-run supply curve for a purely competitive industry can be found by summing horizontally the segments of the marginal cost (MC) curves lying above the average variable cost (AVC) curve for all firms.
It is the underground economy. The underground economy alludes to illicit financial action. Exchanges in the underground economy are illicit either in light of the fact that the great or administration being exchanged is itself unlawful or in light of the fact that a generally licit exchange does not agree to government revealing necessities. The main class incorporates medications and prostitution in many wards.
