Answer:
1. a decrease in the price of natural gas
Explanation:
Given that homeowners choose to heat their houses with either natural gas or heating oil. It means that natural gas and heating oil are substitute products.
If there will be an increase in the demand for natural gas, there will invariably be a decrease in demand for heating oil.
From the options given, a decrease in the price of natural gas will result in and increase in it's demand.
Answer:
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Answer:
third
Explanation:
The utility for consuming the first donut is 9 utils.
The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.
The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.
The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.
Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.
Answer:
4.56%
Explanation:
The annual percentage rate refers to the rate at which the loan amount is equal to the present value of cash flows
In mathematically
Loan amount = Present value of cash flows
Loan amount = Monthly payment × PVAF (rate, number of years)
$31,000 = $493.25 × PVAF (rate, 72 months)
So,
PVAF (rate, 72 months) = 62.8485
And, the monthly rate is = 0.38%
So, the APR is
= Monthly rate × total number of months in a year
= 0.38% × 12
= 4.56%
The 72 months is
= 6 years × 12 months
= 72 months
The answer is true because it is true
