Answer:
B- Encourages innovation because successful innovators are rewarded with economic profits.
Explanation:
The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.
When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>
Answer:
a. 24 pesos / dollar.
b. 48 pesos / dollar.
Explanation:
a. Peso dollar exchange rate = P peso / P dollar = 42 pesos / $1.75 = 24 pesos / dollar.
Now, considering the double prices.
b. Peso dollar exchange rate = P peso / P dollar = 84 pesos / $1.75 = 48 pesos / dollar.
Answer:
$570,000
Explanation:
Calculation to determine How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par
Using this formula
Total Amount borrowed=Bonds*Face value*95% of par
Let plug in the formula
Total Amount borrowed=800*$750*0.95
Total Amount borrowed=$570,000
Therefore the amount the Mystery, Inc. will be able to borrow (in total) if each bond is sold at 95% of par is $570,000
The work of the futurists represents and exaggeration, an extreme in the depiction of movement. One must abandon oneself to the sensation for going the details of representation for an almost abstract rendition of speed and dynamic force. But many artists have used a variety of techniques to illustrate motion and the passage of time less radically and the introduction of mediums such as cinematography and video have made it possible to represent motion and the passage of time in real time or in slow or accelerated motion. The consideration of art and movement, both actual and implied. Movement takes place within time and thus the two are intertwined.
Answer:
Uptown industries have to deposit today $4,145.
Explanation:
To find the final capital at the end of the third year, we use the compound interest formula:
Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))
FC=$3000*[1+2.75%]^(12)
FC= $4,145.35
Then, Uptown industries have to deposit today $4,145.
