The consumer’s utility function is U(c,k) = 5c + k, where c denotes the quantity of good C that the consumer consumes and k denotes the quantity of good K that the consumer consumes. The price per unit of good C is 20 euros and the price per unit of good K is 5 euros. Consumer’s income is 300 euros. Assume that the consumer is a rational person. Find, how many units of good C and how many units of good K will this rational consumer consume in given conditions (i.e. C*=? and K*=?)
Answers
To determine the optimal consumption of goods C and K for the rational consumer, we need to maximize the consumer's utility function subject to the budget constraint.
Let's denote the quantity of good C consumed as C and the quantity of good K consumed as K.
The consumer's budget constraint can be expressed as:
20C + 5K = 300
To maximize utility, we need to set up the Lagrangian function:
L(C, K, λ) = 5C + K - λ(20C + 5K - 300)
Taking the partial derivatives of L with respect to C, K, and λ, and setting them equal to zero, we can find the optimal values.
∂L/∂C = 5 - 20λ = 0 ---> 20λ = 5 ---> λ = 1/4
∂L/∂K = 1 - 5λ = 0 ---> 5λ = 1 ---> λ = 1/5
∂L/∂λ = 20C + 5K - 300 = 0
Solving these equations, we find:
λ = 1/4
C = 15
K = 40
Therefore, the rational consumer will consume 15 units of good C and 40 units of good K to maximize their utility, given the prices and income constraints provided.
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Related Questions
What are some good colleges in New Orleans that arent expensive??
Answers
Answer:
southern university, Dillard university, university of new orleans
Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that his marginal benefit from an additional soft drink is and his marginal benefit from an additional slice of pizza is . If the price of a soft drink is and the price of a slice of pizza is , is Charley maximizing his total benefits? A. No, he should increase his consumption of both goods. B. No, he should shift consumption toward and away from to maximize total benefits. C. Yes, there is no other consumption choice that will make his total benefits greater. D. No, he should shift consumption toward and away from to maximize total benefits.'
Answers
Answer:
The correct option is B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.
Explanation:
Note: This question is not complete because some important figures and points are missing in it. These figures and points are therefore provided to complete the question before answering it as follows:
Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that his marginal benefit from an additional soft drink is $100 and his marginal benefit from an additional slice of pizza is $110. If the price of a soft drink is $2 and the price of a slice of pizza is $3, is Charley maximizing his total benefits?
A. No, he should increase his consumption of both goods.
B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.
C. Yes, there is no other consumption choice that will make his total benefits greater.
D. No, he should shift consumption toward pizza and away from soft drinks to maximize total benefits.'
The explanation of the answer is now provided as follows:
Under utility maximization theory, the condition for the utility or benefit maximization for two goods is as follows:
MBs / Ps = MBp / Pp ……………………………. (1)
Where:
MBs = Marginal benefit from an additional soft drink = $100
MBp = Marginal benefit from an additional slice of pizza =$110
Ps = Price of a soft drink = $2
Pp = Price of a slice of pizza = $3
Subtitling the relevant values, we have:
MBs / Ps = Marginal utility per dollar spent on soft drinks = $100 / $2 = 50
MBp / Pp = Marginal utility per dollar spent on soft pizza = $110 / $3 = 36.67
This implies that 50 = MBs / Ps > MBp / Pp = 36.67
The decision rule is that the limited money income should be spent by a consumer on the good which gives the higher marginal utility per dollar in order to maximize marginal benefit.
Since 50 = MBs / Ps > MBp / Pp = 36.67 above, this implies that Charley is NOT maximizing his total benefits. To maximize his total benefits, Charley should consume more of soft drinks and less of pizza until the condition is consistent with equation (1).
Therefore, the correct option is B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.
James and En-Chi are selling their home. They listed their house three months ago at an extremely high selling price, a price they randomly chose. They do not want to reduce the price to reflect what the market shows their home is really worth. James and En-Chi are participants in ________ bias.
a. ego
b. confirmation
c. sunk-cost
d. anchoring adjustment
Answers
The bias in which people cling to their initial beliefs and assumptions is known as anchoring adjustment bias. Option d is correct.
James and En-Chi, who listed their house three months ago at an extremely high selling price and do not want to reduce the price to reflect what the market shows their home is really worth, are participants in anchoring adjustment bias.
Anchoring adjustment is a cognitive bias that occurs when people's expectations or thoughts are influenced by their prior knowledge. When making judgments, people depend heavily on reference points that they establish early on, according to the concept of anchoring adjustment.
The effect of the anchoring adjustment is that it may affect people's judgments and decisions significantly. People adjust their judgments from an initial starting point, known as the anchor when confronted with new information.
Hence, the correct option is d.
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_BLANK_ is the opposite of life insurance; it pays while you are alive.
Answers
Answer:
Annuity
Explanation:
Life Insurance & Annuity have opposite goals.
Life Insurance provides insured person's family with lump sum payment, after individual dies.
Annuity provides insured person with assured income streams, throughout his or her lifetime.
They are opposite as one facilitates lifetime income security, however the other after life financial security.
The economies of many countries, such as ____, are based on manufacturing electronics.
Answers
Answer:
Japan & Taiwan
Explanation:
Japan & Taiwan are examples of two countries whose economies depend on electronic manufacturing. Some of the popular Japanese electronic brands include Sony, canon, and Toshiba. These brands are household names worldwide. Taiwan brands include Acer, HTC, and Asus, which are very popular in laptops and phones.
We'll now look at the effects of usury laws in a bond market. Say that the relationship between the quantity of bonds demanded and the interest rate, r, is given by the equation
qD=10-100r.
and the relationship between the quantity of bonds supplied and the interest rate is given by the equation
Answers
The effects of usury laws in a bond market can be understood by examining the relationships between the quantity of bonds demanded and the interest rate, as well as the quantity of bonds supplied and the interest rate.
The equation qD = 10 - 100r represents the relationship between the quantity of bonds demanded (qD) and the interest rate (r). In this equation, as the interest rate increases, the quantity of bonds demanded decreases. As the interest rate rises, the cost of borrowing increases, making bonds less attractive to potential buyers. On the other hand, the relationship between the quantity of bonds supplied and the interest rate can be represented by another equation. In general, usury laws can have various effects on the bond market.
Usury laws are regulations that set limits on the interest rates that lenders can charge borrowers. These laws are intended to protect borrowers from excessive interest rates and predatory lending practices. However, they can also have unintended consequences.Another effect of usury laws is that they may choose to reduce their lending activities. This can lead to a decrease in the supply of bonds, which can in turn affect the overall liquidity and functioning of the bond market.
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how does the impact of fixed costs change production decisions in the short run and in the long run? refer to the average total-cost (atc) model included in the textbook to demonstrate.
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In the short run, the impact of fixed costs on production decisions is significant because they are assumed to remain constant and thus, form a major component of total costs. In the long run, however, the impact of fixed costs becomes less important because they can be altered and can be spread over larger levels of output.
Fixed costs are expenses that do not vary with changes in the level of production output, such as rent, salaries, and insurance. In the short run, a firm cannot change its fixed costs as easily as its variable costs. Therefore, fixed costs have a significant impact on production decisions in the short run.
In the short run, the impact of fixed costs on production decisions can be seen using the Average Total Cost (ATC) model. The ATC is the total cost per unit of output, and it is calculated by dividing total cost by the quantity of output. The ATC includes both fixed and variable costs.
In the short run, a firm's production decision is influenced by its ability to cover its variable costs and make some contribution towards its fixed costs. As production increases, the firm's fixed costs are spread over a larger number of units, leading to a decrease in the ATC. However, when production decreases, the firm's fixed costs are spread over fewer units, leading to an increase in the ATC.
For example, if a firm's fixed costs are $10,000 per month, and it produces 1,000 units per month, the fixed cost per unit is $10. If the firm increases production to 2,000 units per month, the fixed cost per unit decreases to $5. Conversely, if the firm reduces production to 500 units per month, the fixed cost per unit increases to $20.
In the long run, firms have more flexibility to adjust their fixed costs, such as by relocating to a smaller or larger facility. This means that the impact of fixed costs on production decisions is less significant in the long run. In the long run, firms can choose to expand or contract production based on market demand, taking into account both fixed and variable costs.
In conclusion, fixed costs have a significant impact on production decisions in the short run, as they cannot be easily adjusted. However, in the long run, firms have more flexibility to adjust their fixed costs, and the impact of fixed costs on production decisions is less significant. The ATC model demonstrates the relationship between production and fixed costs in the short run.
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explain aims of accelerated growth initiative for South Africa
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A mid-level executive visiting a subsidiary in India notices a 12-year-old girl cleaning the factory floor. Child labor is hardly uncommon in India and labor laws are rarely, if ever enforced. Nevertheless, the executive tells the local manager to replace (fire) the child worker and replace her with an adult. The girl is an orphan and sole breadwinner for herself and 6-year-old brother.
The 12-year-old girl is unable to find another job. So, in desperation she turns to prostitution. Two years later she dies of AIDS. Meanwhile, her brother takes up begging. The brother encounters the same executive while begging outside the local McDonald’s. She walks rapidly past his outstretched hand into McDonald’s, where she orders her lunch with fries and cold milk shake. A year later the boy contracts tuberculosis and dies.
In your opinion, did the executive act ethically in this situation?
Does the parent company have a corporate social responsibility to address this problem?
Is the ethical or social responsibility of the local (Indian) factory manager different than that of the foreign executive?
Are societal expectations that businesses incorporate principles of social justice, inclusion, or sustainability (i.e., ethical supply chain) in their decision-making different in India than those of China (or the USA)?
Were you in the same position as this executive, what (if anything) would you have done differently?
Answers
The executive's actions can be considered unethical as they resulted in severe harm to the 12-year-old girl and her brother. The parent company has a corporate social responsibility to address this problem. The ethical and social responsibility of the local factory manager may differ from that of the foreign executive. Societal expectations regarding social justice and ethical supply chains may vary between India, China, and the USA.
The executive's decision to fire the 12-year-old girl without considering the consequences led to a tragic chain of events, resulting in the girl's involvement in prostitution, her eventual death from AIDS, and her brother's descent into begging and subsequent death from tuberculosis. This demonstrates a lack of ethical consideration for the well-being of vulnerable individuals.
The parent company has a corporate social responsibility to address this problem. They should ensure that their subsidiary complies with ethical standards and labor laws, providing proper support and opportunities for the welfare and development of employees, especially minors. Ignoring the issue would be a failure of their social responsibility.
The ethical and social responsibility of the local factory manager may differ from that of the foreign executive. The local manager should prioritize the welfare of the employees, including protecting children from exploitative situations, while the foreign executive should uphold the company's ethical values and enforce responsible practices across subsidiaries.
Societal expectations regarding social justice, inclusion, and ethical supply chains may differ between countries. Each country has its own cultural, legal, and social context that shapes expectations from businesses. Therefore, the expectations placed on businesses in India, China, or the USA may vary in terms of incorporating principles of social justice and sustainability into their decision-making.
If in the same position, an alternative course of action would be to address the issue responsibly by seeking a solution that protects the well-being of the girl and her brother. This could involve working with local authorities, NGOs, or social welfare organizations to provide support, education, and opportunities for a better future rather than resorting to immediate termination without considering the potential consequences.
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Ely Corporation, a custom furniture manufacturer, has a general ledger account balance of $73,395 for Merchandise Inventory as of July 1. On the following June 30, the end of the fiscal period, Ely took a physical inventory and determined it had$74,928 in merchandise on hand. In your working papers, answer the following questions regarding the adjustment for Merchandise Inventory: 1. Is the value of the ending inventory more or less than the value of the beginning inventory? 2. What is the amount of the inventory adjustment? 3. Which account is debited? 4. Which account is credited?
Answers
1. The value of the ending inventory is more than the value of the beginning inventory.
2. The amount of the inventory adjustment is $1,533.
3. The Cost of Goods Sold account is debited.
4. The Cash account is credited.
The inventory adjustment is the difference between the balance in the Merchandise Inventory account on July 1 and the actual value of the inventory on hand on June 30. In this case, the adjustment is $1,533.
The Cost of Goods Sold account is debited because it represents the direct costs of producing the merchandise that was sold during the period. As the inventory adjustment reflects the difference between the beginning and ending inventory values, it is necessary to debit the Cost of Goods Sold account to ensure that the cost of goods sold is correctly accounted for.
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Ely Corporation's ending inventory value exceeds the beginning inventory, indicating an accumulation of merchandise during the fiscal period. The inventory adjustment is $1,533, reflecting the difference between the ending and beginning inventory. The Merchandise Inventory account is debited to increase its balance and align with the physical count, while the Cost of Goods Sold (COGS) account is credited to accurately match expenses with revenue from the sale of goods.
1. The value of the ending inventory is higher than the value of the beginning inventory. This indicates that Ely Corporation has accumulated more merchandise over the fiscal period than it had at the beginning.
The increase in inventory value suggests that the company has made purchases or produced additional goods during the period.
2. The amount of the inventory adjustment can be calculated by finding the difference between the ending inventory and the beginning inventory.
In this case, the inventory adjustment would be $74,928 - $73,395 = $1,533. This adjustment represents the change in the value of the inventory during the fiscal period.
3. The account that would be debited is the Merchandise Inventory account. When the adjustment is made, the value of the inventory is increased to reflect the actual amount of merchandise on hand.
Therefore, the Merchandise Inventory account is debited to increase its balance and align it with the physical count.
4. The account that would be credited is typically a contra account called Cost of Goods Sold (COGS). COGS is used to record the expense associated with the sale of inventory.
By crediting the COGS account, the adjustment ensures that the expense is accurately matched with the revenue generated from the sale of goods during the fiscal period.
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Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.
C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.
Answers
Answer:
2, 3, 5
Explanation: your welcome, love.
Every Business, Management, and Administration work employee are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options
Who is Management and Administration worker ?An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.
Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.
Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.
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can woolworths raise extra capital for expansion
Answers
Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.
Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.
Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.
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What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
Answers
Xtronic CVT, D-step transmission tuning and 1.6-liter DOHC engine are the key features to point out when demonstrating the kicks’ efficient performance.
What is the Kick efficient performance?The vehicle's efficient performance is a features that aims to increase the performance of the car engine while being driven.
Hence, the key features to point out when demonstrating the kicks’ efficient performance includes:
Xtronic CVTD-step transmission tuning 1.6-liter DOHC engineRead more about efficient performance
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norris has a deductible of $1,000. he damages his car in.- How much does Norris have to pay?- How much does his insurance pay?
Answers
Norris have to pay $1,000 and his insurance pay is $3,300. When a claim is made, the insured is required to pay a deductible before the insurance provider will cover the remaining costs.
For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. Generally speaking, you pay less in premiums for an insurance coverage the higher the deductible is. A deductible can be a set monetary sum or a percentage of the entire insurance coverage provided by a policy.
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The stated interest payment, in dollars, made on a bond each period is called the bond's?
Answers
The stated interest payment, in dollars, made on a bond each period is called the bond's Coupon.
Payment is the act of giving or being paid money to someone. He tried to get paid for the amount owed to him. [ + of ] [Also + of] Synonyms: Claim, Payment, Relief, Display Synonyms for payment.
For TDS payments, the relevant payment type is defined by the department along with the relevant tax rate, section, payment code, and threshold. When creating a TDS payment type, you can press Ctrl+C and select the required payment type.
A payment method is how a customer pays for a product or service. Physical stores accept payment methods such as cash, gift cards, credit cards, prepaid cards, debit cards, and mobile payments.
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In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answers
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.
Answers
Answer:
Country A
Explanation:
Based on the data in the table, has the absolute advantage in producing petroleum is country A.
What is absolute advantage?
A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.
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costs incurred internally to create intangibles are
Answers
Answer:
Explanation:
Businesses often invest to have a multitude of sources, such as: definite land use rights, computer software, patents, copyrights, fishing licenses, export quotas, limits, etc. import regulations, decentralization, business relationships with customers or suppliers, customer loyalty, market share and marketing rights…
one of the primary advantages of global area division structures is the ease with which product emphasis can be reconciled with a geographic orientation.
Answers
False. One of the primary advantages of global area division structures is the ability to effectively address local market needs and tailor strategies to specific geographic regions. Global area division structures divide the organization based on different geographic areas or regions, allowing for a localized approach to business operations, marketing, and customer preferences.
This structure enables the company to adapt its products, services, and marketing strategies to suit the unique demands and cultural aspects of different markets. It emphasizes geographic orientation rather than product emphasis. This approach helps companies achieve better market penetration, localization, and responsiveness to regional variations.
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Economies of scale may arise from all but one of the following. Which one is it? O spreading the fixed-costs of administration over more customers holds average costs O down government economic subsidies protect firms from competition to avoid losses. O having a larger retail space can expand sales more than proportionately O doubling promotional expenses to expand sale more than proportionately
Answers
Economies of scale may arise from all down government economic subsidies protect firms from competition to avoid losses
Option B is correct.
What are economies of scale?Economies of scale are the cost advantages a company can achieve when production becomes efficient. Businesses can achieve economies of scale by increasing production and reducing costs. This happens because the costs are spread over more products. Costs can be both fixed and variable costs.
What types of economies of scale are there?Economies of scale are of two types: Internal and external economies of scale. Internal economies of scale are firm-specific or internally created, while external economies of scale arise from larger changes outside the firm. Both lead to a lower marginal cost of production, but the net effect is the same.
What are the main advantages of economies of scale?Higher Profits – Economies of scale lead to higher profits, generate higher returns on investment, and provide a growth platform for businesses. A larger company – The larger the company, the more robust it becomes and the less vulnerable it is to external threats. B. Hostile Takeovers.
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which of these is an example of separation of powers?
the president enforces a law passed by congress.
representatives hold hearings to hear public opinion.
representatives rewrite a bill in committee meetings.
the president fires a cabinet member who is performing poorly.
Answers
I would say The president enforcing a law passed by Congress is an example of separation of powers.
Carlos tiene $40.00 para gastar a la semana en almuerzos y copas de vinos. El precio de cada almuerzo es de $8.00 y el precio de cada copa de vino es de $4.00.
La siguiente tabla presenta la utilidad total de Carlos relacionada con los almuerzos y las copas de vinos.
Answers
Answer:
Carlos gastará $12.00 al día para almuerzos y copas de vino.
Evara Cosmetics Inc. is a company that operates in 20 countries around the globe. The company clearly understands that the skin and hair type of customers varies from one country to another. Consequently, its products are customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high. This strategy helps the company behave as a local firm in a foreign market. In this scenario, which of the following strategies is Evara Cosmetics Inc. most likely pursuing?
1. a multi-domestic strategy
2. an international strategy
3. a global-standardization strategy
4. a one-product strategy
Answers
Answer:
1. a multi-domestic strategy
Explanation:
A multi-domestic strategy is used by businesses to maximise local profitability in a society.
This is done by customising their products and marketing strategy to specific local needs.
It allows a business to compete favourably in various domestic markets.
In the given scenario Evra Cosmetics customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high.
They are using the multi-domestic strategy to make a foreign company behave like a local one in the market.
Which is NOT one of the Sustainable Development Goals? promote economic growth and industrialization through urban development.
Answers
The statement "promote economic growth and industrialization through urban development" is not a Sustainable Development Goal (SDG).
The actual SDGs are a set of 17 goals adopted by the United Nations as part of the 2030 Agenda for Sustainable Development. They cover a wide range of social, economic, and environmental issues aimed at achieving a more sustainable and equitable world by 2030.
not explicitly stated in your question, but based on the provided s, it appears that the missing is "reduce poverty and hunger." However, without a complete list of s, I cannot definitively identify which is not an SDG.
The statement "promote economic growth and industrialization through urban development" is not a Sustainable Development Goal (SDG).
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1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answers
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?
Answers
Answer:quit school and beco
Explanation:
Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
What are the advantages of fixed-rate mortgages?
Answers
The advantages of fixed-rate mortgages are that the payment is the same each month. Whereas, this predictability makes it easier to plan your budget.
A fixed-rate mortgage loan is the one where the interest rate tends to remain fixed for the duration of the loan term, which is thus regardless of what goes on in the macroeconomic environment or with a lender's reference rates. This makes it easier to plan your budget.
However, a fixed-rate mortgage is considered to be a home loan option which is thus with a specific interest rate for the entire term of the loan. Thus, it is also considered to be an installment loan. As, the interest rate on the mortgage will thus not change over the lifetime.
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TRUE/FALSE. when a profit-maximizing firm in a monopolistically competitive market charges a price higher than marginal cost,
Answers
TRUE/FALSE. when a profit-maximizing firm in a monopolistically competitive market charges a price higher than marginal cost.
The number of goods produced at which marginal revenue equals marginal cost, or when MR = MC, is the decision that will maximize profits for the monopoly. If the monopoly produces less, MR > MC at given output levels, the enterprise can increase profits by increasing output. By equating marginal cost and marginal revenue in a monopolistic market and solving for the cost of a single good and the necessary production volume, a firm can optimize its overall profit. In a monopolistic market, when there is no competition, a monopolist can regulate both the price and the quantity requested.
A monopoly's profit maximization level is determined by equating its marginal cost and marginal revenue.
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In a paragraph response below, describe how the structure and organization of this text affected the listening/reading experience. How did it enhance the message behind the speech?
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Text structure gives a text meaning since writers must arrange their work differently based on the type of information they're trying to convey. By comprehending and making use of the text structure while reading, readers can learn important facts and, as a result, the book's overall goal.
What is text structure?Text structures explain the organization of information in writers' texts. By comprehending the fundamental structure of texts, students may focus on key concepts and relationships, make predictions about what will occur next, and keep a record of their knowledge as they read.
A few examples of text structures are sequential, narrative, time, compare/contrast, proposition/support, problem/solution, order/chronology, cause/effect, inductive/deductive, and research.
The structure of academic writing must be sound. Academic writing requires a clear framework and logical flow in order to be coherent.
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The national banking system was created in _____ to standardize currency and banking practices in the united states.
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The national banking system was created in 1863 to standardize currency and banking practices in the United States.
The National Banking System, also known as the National Bank Act, was a system established in the United States in 1863. It was a response to the need for a more stable and uniform banking system during the Civil War era. Under the National Banking System, national banks were created and chartered by the federal government. These banks were required to hold federal charters and adhere to specific regulations and standards set by the Office of the Comptroller of the Currency (OCC), which was established as a result of the National Bank Act.
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