Let x be the number of children
Let y be the number of adults
Equation 1: x + y = 9
Equation 2: y = 9 - x
210x + 315y = 2205
210x + 315 (9-x) = 2205
210x + 2835 - 315x = 2205
2835 - 2205 = 315x - 210x
630 = 105x
630/105 = 105x/105
6 = x
There are 6 numbers of children.
To get the y, use the Equation 2: y = 9 - 6 ---> y = 3
Therefore there are 3 adults on the trip.
Answer: PMI will automatically be dropped when the balance reaches $117,000.
Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.
PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.
Answer: Behavior
Explanation: Consumer Behaviour is the way consumers respond to the purchase of a certain products and services, consumer behaviour is affected by various factors such as PRICE, QUALITY, QUANTITY,INCOME etc.
Certain consumers have specific interest in certain products or services, due to brand loyalty which has emanated from the consistent quality and other product features which they have enjoyed in such products.
Answer:
d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Place more oil on the market this year, shifting the curve rightward.
Explanation:
1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.
This will result in more willingness on the part of the construction companies to build more houses.
More houses built means more income coming in from the government.
Therefore the supply curve of home building will shift to the right.
2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.
Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.
This action will shift the curve rightward.
Answer:
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''
Explanation:
