Answer:
meal option is cheaper with total cost = $2000 and hall only option is total cost $2700
Explanation:
given data
The meal option = $50 per person.
Hall free = $ 0 per person
total guest = 40
hall-only option = $1,500
external caterer = $30 per person
solution
when we go for meal option than hall free so total cost will be as
total cost = total guest × $50 per person
total cost = 40 × $50
total cost = $2000
and
when we go for hall only option than total cost will be
total cost = total guest × external caterer charge + hall-only option
total cost = 40 × $30 + $1500
total cost = $2700
so
meal option is cheaper with total cost = $2000 and hall only option is total cost $2700
Answer:
a. Americans, Spanish
Explanation:
<u>Particulars Wine Olive Oil Opportunity Opportunity cost of Olive oil</u>
<u> cost of Wine</u>
Spaniards 10 8 0.8 1.25
Americans 9 6 0.67 1.5
From the above table, the first option is correct
Please attach a diagram to accompany your answer otherwise it will be impossible to answer.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
A local magazine is offering a $2,500 grand prize to one lucky winner. The prize will be paid in four annual payments of $625 each, starting one year after the drawing. The interest rate is 9%.
First, we find the final value:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {625*[1.09^4-1]/0.09
FV= 2,858.21
PV= FV/(1+i)^n
PV= 2,858.21/1.09^4= 2,024.83
<span>If inflation is running high, the Fed will raise interest rates, sell bonds on the open market, and raise the reserve ratio (if it comes to that. It rarelyever does). Raising interest rates makes money "more rare". Selling bonds decreases the reserves of banks, which decreases their lending capabilities (again, making money more rare). The reserve ration is the "nuclear option" of monetary policy. I hope this would help </span>
