Answer: "Democratic"
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Answer:
because you need to know certain things to be able to understand and properly do a job
Explanation:
Consumer surplus drops when a good's price rises while keeping everything else constant.
<h3>What is consumer surplus ?</h3>
Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.
In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.
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Answer:
$898.54
Explanation:
The Price of the Bonds is equal to the Present Value or Fair Value of the Bonds.
Using the Financial Calculator, Input elements will be as follows :
N = 15
pmt = $1,000 × 5.7% = $57
YTM / i = 6.8%
Fv = $1,000
Pv = ?
Pv = $898.54
The Coupon rate is lower than the market rate thus the Bonds will fetch a lower price.
