Answer:
$1.02 or 102 cents
Explanation:
According to given information
Total consumption Time = 120 Hours
Cost Saving per hour = Cost per hour x Saving in kilowatts per hour
Cost Saving per hour = Cost per hour x ((100 watts - 15 watts) / 1000)
Cost Saving per hour = $0.1 x (100-15)/1000 = $0.0085 kwh
Total Cost Saving = 120 x 0.0085 kwh = $1.02 or 102 cents
Answer: $12,170
Explanation :
The company will pay $50,000 to office Employees and insures them at a rate of $0.42 per $100.
The estimated Premium for office Workers;
= 50,000 * 0.42/ 100
= $210
The company will pay $260,000 to Factory Employees and insures them at a rate of $4.60 per $100.
The estimated Premium for Factory Workers;
= 260,000 * 4.60/100
= $11,960
Total Estimated Premium;
= 11,960 + 210
= $12,170
Answer:
Property rights allow consumers and producers to make free choices .
Explanation:
A free market in an economic system is solely based on the market forces of demand and supply with minimum government intervention.
Property right is the authority of ownership that determines how a property can be put to an efficient use , thereby promoting efficiency.
This is necessary in a free - market system as it allows consumers and producer to make free choices , as the intervention of the government is at the minimal level.
The quality of the good is the reason for distribution. example; Lamborghini