<span>The answer is price. The price of a good conveys about its
relative scarcity or abundancy. If the price is high, the good is scare meaning
you can gain money by selling extra of it, and you can save money by buying a
lesser amount of it. If you act according to your self-interest, selling more
and buying less of that costly good, the scarcity of that good will be toned-down.
If the price of a good is low, you can exhilarated to do the contrary, thus removing
any excess of the good in the market. </span>
Answer:
the artist should make the elegant version since the expected profits are higher
Explanation:
elegant version:
expected revenue = (400 x $150 x 40%) + (350 x $110 x 60%) = $47,100
expected profits = $47,100 - $30,000 = <u>$17,100</u>
deluxe version:
expected revenue = (500 x $110 x 40%) + (450 x $70 x 60%) = $47,100
expected profits = $42,250 - $30,000 = $12,250
Answer: $23571
Explanation:
For this question, we have to calculate the present value of $27,000 with the given rate and the time that have already been given in the question to know the worth tiday. This will then be:
= $27,000 x PVIF (7%, 2)
= $27,000 x 0.873
= $23,571
Answer:
An example of primary data that Armstrong could use in this research project is:
d. Discussions among focus groups made up of small number of gardeners led by an interviewer.
Explanation:
Primary data is directly collected by the researcher. It is the opposite of secondary data, which is data collected from primary sources and made available for use in a research. Primary data is first-hand information collected during a research project. Focusing on the discussions by gardeners will enable Armstrong to assess their perceptions about rose as a high-maintenance plant.
Answer:
none of these describe the savings and loan crisis
