True or False:

In personal ads, one study found that a man's _____ and a woman's _____ were the most important factor for determining how many

Whitepunk [10]

Is this multiple choice?

8 0

2 years ago

Jason just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $50,

bixtya [17]

Answer:

$570.91

Explanation:

For computing, the amount pay today for the annual membership we just need to apply the present value formula i.e to be shown in the attachment

Provided that

Future value = $0

Rate of interest = 11% ÷ 12 months = 0.916666%

NPER = 12 months

PMT = $50

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the amount paid today for the membership is $570.91

4 0

3 years ago

What happens when a price floor is imposed above the equilibrium price of a good?

PolarNik [594]

<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>

3 0

2 years ago

Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes fro

Nastasia [14]

Answer:

D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."

This is the only one with incorrect economic analysis

Explanation:

A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.

B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.

C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1

D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.

8 0

2 years ago

McBride’s Dairy has 200 gallons of heavy cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the spl

Katyanochek1 [597]

Answer:

Cream $560

Explanation:

Units Selling price Sales value Percentage of sales value Allocated cost

Cream200 15 3,000 3,000/5,400 = 56% 1,000 x 56% = $560

Skimmed

milk600 4 2,400 2,400/5,400 = 44% 1,000 x 44% = $440

Total $5,400 100% $1,000

Therefore the amount of joint cost allocated to cream is $560

3 0

2 years ago