A.
The cheese and crackers that are being consumed
by Carlos is not considered to be inferior goods because when there is a time
that his income may rise, he will likely consume other products aside from it.
B.
If the price of the cheese falls, what will
likely happen is that there will be a presence of substitution effect of where
the crackers will be fewer consumed and the cheese will be consumed more. When
there is a presence of income effect on the other hand, the cheese will be
consumed more as this will be considered as a good that is normal and the
crackers to be consumed fewer as this will be classified as an inferior good. The
likely outcome of it in both scenarios, Carlos will still consume fewer
crackers and the cheese to be more consumed.
Answer:
PART-1) The gross domestic product (GDP) of the United States is defined as the market value of all final goods and services produced if within the United States if in a given period of time
PART-2)
1) Excluded. Roadway Motors is a U.S. company, however as it produces the convertible in Germany, the output will be part of the GDP of Germany, not the GDP of the United States
2) Excluded. Since the accountant has provided her services during 2018, the value of those services will be included in 2018 GDP, not in the year 2017 GDP
3) Included. The Zippycar example is straightforward and should clearly count as something produced in the United States in 2015. The gross domestic product (GDP) of the United States refers to the market value of all the final goods and services produced within the United States in a given period of time
4) Included. Although Fastlane is a Japanese company, the sedan is produced within the United States and should be included in the GDP of the United States
5) Excluded. The gross domestic product (GDP) of the United States refers to the market value of all the final goods and services produced within the United States in a given period of time, such as a year or quarter.
Answer: the maximum price (future amount) he could pay is
“$4,882.5“
Explanation:
The question above can be calculated using simple interest formula with amount ;
A = p + prt
A = p (1 + rt)
From above question, variables given are:
principal 'p' = $3,500
time 't' = 5years
interest rate = 7.9% = 0.079
A = p(1 + rt)
A= 3500[1 + 0.079(5)]
A = 3500 [ 1 + 0.395]
A = 3500 ( 1.395)
A = $4,882.5
Approximated to $4,883 as a whole figure.
This is the maximum amount he could pay after 5 years.
Answer:
This is known as Bank panic
Explanation:
Bank panic happens when in a banking system, many banks suffer from a bank run, that is, many of its depositors loss their confidence that the bank may repay their deposit, thus they want to withdraw their deposit put with the bank.
As Banks operating using notably high leverage, many of its assets are not highly liquid ( e.g: loans, bonds that will not be paid until maturity) and the fact that they lend to and borrow from each others frequently and heavily, a bank run happens for one bank may cause liquidity issues to not only that bank but also other banks in the systems.
Having understood that, people tend to speculate that a run on one bank will cause significant problem to the systems, and a likely probability that bank panic occurs.
Solution:
By 9:00 AM, Andrew has answered 40 problems.
By 10:00 AM, Andrew has answered 70 problems.
So the marginal, or additional, gain from his work between 9:00 AM and 10:00 AM is
70−40=30 problems.
By 11:00 AM, Andrew has answered 90 problems.
By noon, Andrew has answered 100 problems.
So the marginal gain from the fourth hour, 11:00 AM to noon, is
100−90= 10 problems.
