Answer:
C) a higher real interest rate reduces a borrowing firm's profit and hence its willingness to borrow.
Explanation:
Companies borrow money to leverage their projects, investments or regular business activities. When they borrow money, they do it to earn more money themselves, not just to make a bank or a bondholder earn money. Since the company must repay its loans, the profit it makes using the loans must offset the money it must pay back in interest.
E.g. I borrow $100 for my business and the bank charges me $7 in interest per year, so I must be able to use that money to increase my profit by more than $7 a year.
Answer:
3.67%
Explanation:
Given that,
Country's GDP in 2010 = $5,690 billion
Country's GDP in 2011 = $5,899 billion
Growth rate of GDP:
= [(GDP in 2011 - GDP in 2010) ÷ GDP in 2010] × 100
= [($5,899 - $5,690) ÷ $5,690] × 100
= ($209 ÷ $5,690) × 100
= 0.0367 × 100
= 3.67%
Therefore, the country's growth rate of GDP is 3.67%.
Answer: d. C(x) = 15 +0.05x.
Explanation:
The Cost function for the cake will be the sum of the fixed and variable costs that Mrs. Dill will incur per cake baked.
Fixed cost = $15
Total Variable cost = Number of cakes baked * variable cost per cake
= x * 5 cents
= x * 5 cents / 100 cents in a dollar
= 0.05x
Cost function is therefore:
= 15 + 0.05x
Answer:
The correct answer is letter "A": utilitarianism.
Explanation:
Utilitarianism is a term used in philosophy, economics, and law. It is a moral concept that explains that individuals are constantly looking for maximizing pleasure while avoiding any kind of harm. <em>This theory states is based on the belief that the greatest should be given for the greatest amount of people.</em>
British Economist John Stuart Mill (1806-1873) is one of the most relevant characters who promoted that idea.
Answer:
B. prospecting
Explanation:
<em>The method that sales people would use to find new customers would be </em><em>prospecting</em><em>.</em>
In sales, prospecting means the identification of potential customers for a particular good/service. It represents the first step in sales process.
<u>After the list of potential customers have been created, the next step would be to find a way of reaching out to these customers in order to create leads which can end up in sales and turns a prospective customer to a paying customer.</u>