Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒ 
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒ 
⇒ 
⇒ 
(%)
Answer:
Explanation:
Please have a look at the attached photos, for this type of question, we need to draw!
a. From this information, derive Bert’s demand schedule. Graph his demand curve for bottled water.
Price Quantity Demanded
More than $7 0
$5 to $7 1
$3 to $5 2
$1 to $3 3
$1 or less 4
b. When the price of a bottle of water was $ 4, Bert bought 2 bottles of water. Consumer surplus of him is shown as area A in Fig. He valued his first bottle of water at 7 dollars, but only pay 4 dollars for it, so the consumer surplus is $ 3. He valued his second bottle of water at 5 dollars, but only pay 4 dollars for it, so the consumer surplus of $ 1. Therefore, the total consumer surplus of $ 3 + $ 1 = $ 4, is in the area of A
c. When the price of a water bottle dropped from $ 4 to $ 2, Bert bought three bottles of water, increasing it. His consumer surplus includes both areas A and B in the figure, an increase in the number of areas B. He gets a $ 5 consumer surplus from the first bottle ($ 7 minus $ 2 ), $ 3 from the second bottle (minus $ 5 The $ 2 price) and $ 1 from the third bottle ($ 3 minus $ 2), with a total consumer surplus of $ 9. Therefore, consumer surplus increased $ 5 (which is the size of area B) when the price of a bottle of water dropped from $ 4 to $ 2.
Answer:
14,619.88
Explanation:
The investment today amount shall be calculated using the following formula:
F=P(1+i/n)^nt
F= total future amount which include interest+principal=$25,000
P=Amount that should be invested today
i=interest rate per year=2.15%
n=number of months in a year=12
t=time involved in investment in years=25
F=P(1+i/n)^nt
25,000=P(1+2.15%/12)^12*25
25,000=P(1.71)
P=14,619.88
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
Answer:
politics
Explanation:
Politics is defined as the science or art of governing something. I personally like the definition that my US government teacher once told me, "the art of getting things done". I really doubt that he invented the phrase, but he never told us who he got it from ether.
Besides who made up that specific definition of politics, the reason I like it is because politics is the best way to solve a country's (or region's or city's) problems. I personally do not like the current president, but even as bad as I might consider him to be, he is for sure a better option than a semi-dictator like Putin (Russia), Maduro (Venezuela) or any Islamic or socialist government.
Democracy has a lot of defects, but one of its greatest virtues is that we, as citizens, have the power to try to correct them. I generally tend to consider politicians as bad people, some worse than others, but they are not martians nor they were imposed to us by the use of force, we elect them. As a society, we deserve the leaders that we elect.
