Answer:
Producer
Explanation:
in the free market system, Producer is an entity that turn raw materials or skills to create goods or services and sell it to the market in order to obtain a profit.
Computer businesses are a good example of this.
They bought of various types of materials (such as steel, glass, silica sand, iron ore, gold) and transform it into finished products such as a monitor, processor, Audio board, etc.
Some computer businesses also focus on creating software. Rather than raw materials, they utilize coding skills of their employees to create the product and sell it to the market.
Answer:
1.2
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good D to changes in price of good C.
Cross price elasticity = percentage change in quantity demanded of good D / percentage change in price of good C = 60% / 50% = 1.2
I hope my answer helps you
Answer:
Secular Deflation
Explanation:
The term secular deflation simply means continues or prolong decline in prices of goods and services resulting from economic growth in the presence of stable aggregate demand. So, in the face of stable economic growth and aggregate demand curve, the economy will experience secular deflation.
Answer:
The monthly payments are calculated below.
Explanation:
Total monthly instalments= 15,000-3,750
=11,250
Amount payable at 24% annual financing;
A=P (1+r/100)n
=11,250(1+24/100)30/12
=$642
FV=PV (1+r)n
i) FV=12,000*(1.08)16
= $41,111
ii) FV =16,000*(1.05)15
= $33,263
iii) FV =29,000*(1.11)12
= $101,455
iv) FV =49,000*(1.04)7
= $64,481
