Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.
With stocks of 8% for A and 16% for B, The global minimum variance is given as 10.5 percent
<h3>How to solve for the variance</h3>
The expected return of the stock for the country a is given as 0.05
The Weight of this country's stock market WA = 0.5
The expected return of the stock for the country a is given as 0.16
The Weight of this country's stock market Wb = 0.5
Expected Return of the portfolio can be calculated as
= (WA x RA) + (WB * RB)
Expected Return of the portfolio = (0.5x 0.05 ) +(0.5*0.16)
= 0.105
= 10.5%
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Answer:
Statement of stockholders' equity
at the end of the year (December 31)
<u>Common Stock</u> <u>Retained Earning</u> <u>Total</u>
Opening Balance $12,000 $7,100 $19,100
Income for the year $7400 $7400
Dividend Paid ($2,100) ($2,100)
Common stock issuance <u> $6,900 </u> <u> </u> <u> $6900 </u>
End of the year Balance $18,900 $12,400 $31300
Answer:
Economic costs include both explicit costs and implicit costs.
Explanation:
- In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
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