Answer: The invisible hand
Explanation: Invisible hand can be defined as those unobservable market forces which helps the forces of demand and supply to reach to an equilibrium level.
In the given case, Daniel is giving work to local suppliers and jobs to residents as well as producing demand in the market by its products, thus, we can conclude that the given case is an example of invisible hand.
<u>Answer: </u>Option C Satisfy the inquiry and take the opportunity to introduce another product as well.
<u>Explanation:</u>
The first important thing in customer inquiry is that it has to be attended as soon as possible. It is a way to enhance the business and make the customer buy more when their doubts are clarified.
The other products of the business can be promoted along with the answers to the inquiry. This is the opportunity for the business to directly contact the customer so it has to be made use of. While another product is introduced the customer would be willing to know or buy the other product also.
First, you have to calculate the amount of tuition when the student reaches age 18. Do this by multiplying $11,000 by 1.07 each year from age 12 until it reaches age 18. Thus, 7 times.
At age 18: 16,508
At age 19: 17,664
At age 20: 18,900
At age 21: 20,223
Then, we use this formula:
A = F { i/{[(1+i)^n] - 1}}
where A is the monthly deposit each year, F is the half amount of the tuition each year illustrated in the first part of this solution, n is the number of years lapsed.
At age 18:
A = (16508/2) { 0.04/{[(1+0.04)^6] - 1}} = $1,244.389 deposit for the 1st year
Ate age 19
A = (17664/2) { 0.04/{[(1+0.04)^7] = $1,118 deposit for the 2nd year
At age 20:
A = (18900/2) { 0.04/{[(1+0.04)^8] = $1,025 deposit for the 3rd year
At age 21:
A = (18900/2) { 0.04/{[(1+0.04)^8] = $955 deposit for the 4th year
Answer:
She will have $16,772.59 more in the second investment.
Explanation:
Giving the following information:
Recently she received an inheritance of $54,000 from her grandmother's estate. She plans to use the money for the down payment on a home in ten years when she finishes her education.
We need to use the following formula:
FV= PV*(1+i)^n
First savings account:
FV= 54,000*(1+0.04)^10= $79,933.19
Second investment:
FV= 54,000*(1+0.06)^10= $96,705.78
She will have (96,705.78 - 79,933.19) $16,772.59 more in the second investment.
Answer:
C. the greater the value of the multiplier
Explanation:
As we know that
The formula to compute the Government spending multiplier is shown below:
Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)
where,
Marginal propensity to consume refers to the change in consumption with regard to the change in income
So if the value of the marginal propensity to consume is higher than there would also increase in the value of the multiplier and in the same proportion it would be greater
