Two constraints to maximizing profit are cost of production and consumer demand.
Consumer demand is essential for revenue. Competition and budget can affect demand and put constraints to profit maximization. Cost of production can constraint profits maximization too because the higher the cost of raw material, the higher the cost of production will be, which in turn will affect the price of the product. This increase in price can also affect the demand.
The answer is then D.
The correct answer is a single payment loan.
This means that he will pawn his watch to a pawnbroker, who will pay him the entire sum immediately, without having to use monthly installments or something like that. A single payment loan refers to the payment of the entire principal sum at that particular moment when the loan is taken.
Answer:
These two statements are correct:
A. Potential employers may have believed that those with black-sounding names had completed less education.
African Americans on average have less rates of graduation from tertirary education than White Americans.
This situation might lead some employers to develop streotypes about African Americans being less educated, when it is clearly an error, and unfair, to reject a potential employee because of stereotyping instead of making an individualized analysis of his or her abilities.
D. Hiring firms may have believed that those with black-sounding names were more likely to have a criminal conviction.
African Americans on average are incarcerated more often than other ethnic groups in the US. The reasons for this are complex but poverty and racial discrimination are two big factors. This situation causes some employees to develop streotypes, leading to unfair situations as described in the first answer.
Jenny Jimenez paid only the minimum required on every credit card, except for the one with the highest interest rate.
This is true, If you put more budget on your payments for the credit card having the highest interest rate, you'll pay the whole balance more quickly. Then, do the same with the other remaining cards, pay the balance which has the highest interest rate.
Answer:
3.18%
Explanation:
Calculation for the annual increase in the price of the average house sold
We are suppose to use this formula FV = PV (1+r)^t but since we are looking for R the formula to use will be:
R = (FV / PV)^1/16– 1
Let note that 2016-2000 will give us 16 years
Where,
FV=$354,900
PV=$215,100
Let plug in the formula
R= ( $354,900/$215,100 )^1/8)16– 1
R=(1.6499)^1/16-1
R=1.0318-1
R=0.0318×100
R=3.18%
Therefore the annual increase in the price of the average house sold will be 3.18%
