ANSWER: Dependent Variable
EXPLANATION : Studying variables cause - effect relationship is an important part of Economics. Ex : Law of demand - price & demand relationship , Law of Diminishing Marginal Utility - quantity & utility relationship.
The relationships are determined in 'functional forms' with usually dependent variable on the left side & independent variable on the right side .
Dependent Variable is the one being affected by independent variable , independent variable impacts dependent variable .
Eg : Micro Economics 'Law of demand' implies price inverse impact on demand , price increase - demand decrease , price decrease - demand increase.
So demand function is : Qd = A - bP ; where Qd & P are quantity demanded & price , A is autonomous demand , -b is change in demand due to change in price (negative because of inverse relationship)
Similarly Macro Economics 'Consumption Function' reflecting positive relationship of Income on Consumption is :
C = A + bY
Both the illustrations have shown how dependent variables - Demand & Income are on left side of the Function .
Answer:
Industrial Market
Explanation:
In the industrial market, one business acts as a consumer and the other business acts as seller. In this market the purchaser is also the business and the seller is also the business. The consumer business purchases raw materials that is used in manufacturing the end products.
Answer: (A) Loyalty
Explanation:
According to the given scenario, Henry hutchins is dissatisfied with his job but he believes to the supervisor of the company that he helps in reducing the stress and disappointment from the job.
The Henry repose to the given problem is refers as the loyalty as he shows faith to his supervisor and also shows the loyalty that he helps in improve the conditions of his job.
The loyalty is the term that shows the positive, reliable and the trust quality of the person that the one person devoted to other.
Therefore, Option (A) is correct answer.
Answer:
Julie purchased the acres 16 year ago
Explanation:
Imagine you are Julie at year cero about to purchase eleven acres of land. The seller tells you that in X amount of years it will value $34686 because it increases 5% each year. He also tells you that according to the Present Value formula, the eleven acres are worth today $15890.
The formula is:
PV=Ct/[(1+r)^n]
Ct= cash flow at t time
r= rate
n= period of time
To calculate how many years it will be worth $34686 you need to isolate n from the PV formula
<u>n=[ln(Ct/PV)]/ln(1+r)</u>
<u />
n=ln(34686/15890)/ln(1+0,05)
n=16
Answer:
B
Explanation: I took this mastery test on Plato and Answer B was correct