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Eddi Din [679]
3 years ago
8

On January 1, 2009, Erin owed $17,605 to her friend Katie, who was kind enough not to charge Erin any interest. Each month durin

g 2009, Erin paid Katie some of the money she owed. If Erin still owed Katie $6,241 on January 1, 2010, what was the average amount of Erin's monthly payments
Business
1 answer:
Kay [80]3 years ago
3 0

Answer:

$947

Explanation:

Amount of money Erin owed to Katie on Jan 1, 2009 = $17,605

owed to Katie on Jan 1, 2010 = $6,241

Amount of money Erin paid Katie each month during 2009 = $17,605 - $6,241 = $11,364

Average amount of Erin monthly payment = $11,364 / 12 months = $947

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. A rise in the price of corn will cause a (Click to select) in the Supply Curve for corn. b. A decrease in the price of seed (a
Nadusha1986 [10]

Answer:

move along upwards

shift out

shift in

Explanation:

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :

  1. A change in the price of input
  2. A change in the number of suppliers
  3. Government regulations

When the price of corn increases, the quantity supplied of corn increases. this is in line with the law of supply.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This would lead to a movement up along the supply curve

If the price of seed which is an input to corn decreases, it becomes cheaper to produce corn. As a result, the supply of corn would increase. this would lead to an outward shift of the supply curve.

If the number of grocery stores decreases, there would be a reduction in supply. As a result, the supply curve would shift inwards

8 0
3 years ago
Mia, an administrative assistant in the business division of a university, is assigned the responsibility of serving the needs o
Anika [276]

Answer: The professors have failed to engage Mia.

Explanation: Since Mia is an administrative officer, assigned with the role of serving the needs of the division's professor, her having plenty of ’free time’ simply tells the professors do not engage her well enough in her primary duty as an administrative officer to keep her busy.

4 0
4 years ago
When institutions and policies provide secure property rights, a fair and balanced judicial system, monetary stability, and effe
Aliun [14]

Answer:

(C) Productive activities.

Explanation:

All the actions detailed are traits of a public power that respect the free market as a system that allocates resources as efficiently as possible. In this case, the public system works for the mechanism of prices functions based on private decisions and firms can rely upon that none public disturbance arises in the future. The other 3 options used to occur when public institutions intervene in the free market.

3 0
3 years ago
The annual maintenance cost of a monument in the state capital is estimated to be $4850. A perpetual i fund of $100,000 is set u
zimovet [89]

Answer:

4.76%

Explanation:

P[(1+i/4)^4 - 1] = A

$100,000*P[(1+i/4)^4 - 1] = $4,850

[(1+i/4)^4 - 1] = $4,850/$100,000

[(1+i/4)^4 - 1] = 0.0485

(1+i/4)^4 = 0.0485 + 1

(1+i/4)^4 = 1.0485

(1+i/4) = 1.0485^(1/4)

(1+i/4) = 1.01191

i/4 = 1.01191 - 1

i/4 = 0.01191

i = 0.01191*4

i = 0.04764

i = 4.76%

6 0
3 years ago
The staff at company headquarters seemed to have a problem with motivation, so the organization's leadership brought in Herb Sew
Soloha48 [4]

Answer:

A

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Discretion meaning the company gave Herb the ability and thr freedom dto do as deem fit for this particular situation.

7 0
4 years ago
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