Answer:
a) The expected return of equally weighed portfolio is 14.23%
b) The expected return of equally weighed portfolio is 16.45%, hence Variance = 1.596457%
Explanation:
See workings of a and b attached in a form of spreadsheet.
Answer:
C.
Explanation:
Based on the information provided by the Uniform Commercial Code (UCC) can be said that this means that fit for the ordinary purpose for which such goods are used. Meaning that the good that is being sold must meet the expectations that the ordinary buyer is expecting to receive from the product based on it's description and advertisements.
Answer:
b
Explanation:
If the sport utility vehicle has a bad mileage, it means that it burns fuel quickly, so you would have to buy gasoline more frequently.
sport utility vehicle is a complement for gasoline
Complementary goods are goods that are consumed together
If the price of gasoline increases, it would become more expensive to maintain sport utility vehicle. As a result, the demand for sport utility vehicle would decrease. this would shift the demand curve for sport utility vehicle inward.
A increase in the price of gasoline would result in a decrease in the quantity demanded of gasoline and not a reduction in demand.
Answer:
1. The wages and utility bills that Darnell pays.
286,000 explicit cost (accounting)
2. The rental income Darnell could receive if he chose to rent out his showroom.
3,000 x 12 months = 36,000 implicit cost (economic)
3. The salary Darnell could earn if he worked as a financial advisor.
20,000 implicit cost (economic)
4. The wholesale cost for the guitars that Darnell pays the manufacturer.
704,000 explicit cost (accounting)
Explanation:
The explicit cost are those which occurs and are represented in the accounting.
While the implicit cost represent the opportunity cost which is the best alternative rejected for taking the current course of action. They are considered for the economic profit
