Answer: Personal need for status and respect
Explanation:
It is known that people care about the way that other members of their work groups, society etc view them. In this they care about their social worth or social reputation. Monique had a need for a new car, but seeing her coworker with one already made her review her self-worth and spurred the desire to want to attain the status of owning a car even more. Although the degree of concern about one’s social status varies across people, contexts, and time, these concerns are rarely dormant and easily stirred as it has in Monique. Social worth is among peoples’ most critical and pervasive considerations at work, as well as in most social settings. While respect reflects the worth and value accorded to people, status is conceptualized as the respect and admiration that an individual possesses in the eyes of others,. It is also a yardstick of the social worth that others confer on an individual.
Answer:
Depreciable cost per mile= $0.37
Explanation:
Giving the following information:
Purchase price= $38,800
Salvage value= $1,800
Expected to be driven 100,000 miles over its estimated useful life.
<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>
Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles
Depreciable cost per mile= (38,800 - 1,800)/100,000
Depreciable cost per mile= $0.37
Answer:
a. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - <u>Government Purchases</u> (G).
The Government purchases/ expenditure portion of GDP includes the expenses by Government on the economy. This expenditure by the Pennsylvania Government will therefore come under here.
b. Simone gets a new refrigerator made in the United States. - <u>Consumption (C)</u>.
Consumption accounts for spending by households and individuals in the economy. Simone lives in the US and buys goods in the US so this is Consumption.
c. Simone's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. - <u>Exports (X)</u>
Exports are goods made in a country which are then sold to consumers outside the country. Simone's father is in Sweden so buying an American product is an export for the United States.
d. Rajiv's employer upgrades all of its computer systems using U.S.-made parts. - <u>Investment (I).</u>
Investment refers to spending by private interests that are aimed to improve capital goods in the economy. Spending on upgrading computer systems therefore falls here.
e. Rajiv buys a sweater made in Guatemala. - <u>Imports (M)</u>
When a person buys a good that is made outside the country, this is an import.
Answer & Explanation: An origination fee is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.
Answer:
The government agency is providing basic and/or essential services that further deepen the interests of members of the public
Explanation:
The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.
To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.
