Answer:
Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another
Explanation:
Answer:
(A) Variable cost
(C) Gross margin
D) Contribution margin
Explanation:
mathematically:
Gross Margin = Sales – cost of goods sold
for constant cost of good sold, an increase in sales alternately increases the gross margin.
and
Contribution Margin = Sales – Variable costs
as sales increase, the variable cost has to increase so as well the contribution margin has to increase.
Answer:
How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted is explained below in detail explanation.
Explanation:
Let the no of withdrawals be n, then
Present value of n withdrawals = 50000
Interest rate per 6 months =8%/2 =4%
Withdraw amt/(Int rate)*(1-1/(1+interest)^n) = 50000
=> 2500/0.04*(1-1/1.04^n) = 50000
1/1.04^n = 0.2
1.04^n = 5
=> n = ln(5) / ln(1.04) = 41.03
Total 41 withdrawals of Rs.2500 can be made (with a smaller 42nd installment of less than Rs.2500)
Marine recon/spec op team is i pick hope this helps
A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.
A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.
A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.
A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.
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