The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
Answer: Determines the standard of life of a nation over the long term.
Explanation:
Economists believe that the economic growth of a country determines the standard of living of its people over the long term which is why measures such as GDP per capita exist.
They argue that if the economy is growing, more wealth will be created for citizens to access and the higher production of goods and services will give citizens more choice on what to buy to be able to improve their standard of living.
Answer:
Gross pay
Explanation:
Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions
The yield of maturity for this bond is "8.4 percent".
We can calculate this in the following way;
<span>Yield to maturity = YTM = {($1,000 x .06) + [($1,000 - 900)/5]}/[($900 + $1,000)/2]
=(60 + 20) / (950)
=80/950
=0.084
=0.084 x 100
= 8.4 percent</span>
Answer:
B) False
Explanation:
The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.
