true/false. when the forces of supply and demand lead to an inefficient outcome economists call this a deadweight loss. it is a signal that the government needs to take ownership of that market including all the resources involved. economists call this a market failure. the economic surplus is maximized.
Answers
In the following question, the statement is said to be True, when the forces of supply and demand lead to an inefficient outcome, economists call this a deadweight loss. This situation can be considered a market failure.
However, it is not always a signal that the government needs to take ownership of the market and resources involved.
The economic surplus is maximized. In economics, a deadweight loss is a loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved. This occurs when the supply and demand for a good or service are not in balance, resulting in inefficiencies in the market
Instead, government intervention may be needed to correct the inefficiency and maximize economic surplus.
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Related Questions
represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum
(high−quality)
used bike and $50 for a lemon
(low−quality)
used bike. If buyers believe that 50% of the used bikes are lemons (low quality), how much will they be willing to pay for a used bike?
Answers
The amount buyers are willing to pay for a used bike is represented by the expected value of its quality. The expected value of a plum (high-quality) bike is $200. The expected value of a lemon (low-quality) bike is $50.
Therefore, the expected value of a used bike is:
Expected value = (probability of getting a plum bike x $200) + (probability of getting a lemon bike x $50)
The probability of getting a lemon bike is given as 50%.
Therefore, the probability of getting a plum bike is also 50%.
Thus, the expected value of a used bike = (0.5 x $200) + (0.5 x $50) = $100 + $25 = $125
Hence, the buyers will be willing to pay $125 for a used bike.
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How to find estimated cost of goods sold
Answers
this is for ap-ex learning
_____ is important because it helps you create a plan to complete all tasks.
A. A long-term goal
B. Prioritization
C. A short-term goal
D. An instant goal
Answers
Answer:
B. Prioritization
Explanation:
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To what extent does the payment of commission motivate workers?
Answers
Answer: Encourages employees to work harder
Explanation:
Highly talented professionals in sales and marketing get more out of commission-based pay since their income relies on how hard they work. The more sales they make, the more generous their compensation will be compared to their less motivated counterparts.
Discuss the unique selling proposition and value proposition.
Answers
The Unique Selling Proposition (USP) and Value Proposition are two essential marketing concepts. Both concepts aim to attract and convince customers, but they approach it from different angles.
The Unique Selling Proposition (USP) is a marketing concept that emphasizes the unique qualities or features of a product or service that set it apart from competitors in the market. It answers the question, "Why should customers choose this product over others?" The USP focuses on identifying and communicating the distinct advantages and benefits that make a particular offering stand out. This could be achieved through factors such as superior quality, innovative features, competitive pricing, exceptional customer service, or a specialized niche focus.
On the other hand, the Value Proposition is a broader concept that encompasses the overall value and benefits that a product or service provides to customers. It goes beyond the unique aspects and delves into the core value that customers derive from using a particular offering. The Value Proposition communicates how the product or service addresses customer needs, solves their problems, or fulfills their desires. It emphasizes the benefits, outcomes, or experiences that customers can expect, such as time savings, cost reduction, convenience, improved performance, increased productivity, or enhanced satisfaction.
While the USP focuses on highlighting the unique features and advantages that differentiate a product or service, the Value Proposition aims to convey the overall value and benefits that customers can expect. Both concepts play a crucial role in marketing strategies, as they help businesses attract and persuade customers to choose their offerings.
The USP captures attention by showcasing distinct qualities, while the Value Proposition appeals to customers by demonstrating the tangible and intangible value they will gain. Together, they form a powerful combination to communicate the competitive advantages and benefits of a product or service, ultimately influencing customer buying decisions.
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When media are privately owned, their major interest is profit making; when media are controlled and operated by the state, their major interest is
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When media are privately owned, their interest is profit making; operated by the state, their major interest is:shaping values and providing a public service.
Private owned and public owned mediaIf a private company or organization owned a media such as broadcasting station or publishing house their aims is to make profit or generate revenue.
While on the other hand media own by the state are not for profit making but to provide free service to the public at large and to as well shape public values.
Inconclusion media operated by the state, their major interest is:shaping values and providing a public service.
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Which of the following is found in all adaptive strategies? A. a division of labour based on gender.
B. -transhumance C. domestication of animals for food.
Answers
The correct answer is C. Domestication of animals for food is found in all adaptive strategies.
The domestication of animals for food is a universal feature found in all adaptive strategies across different societies and cultures. The practice of domesticating animals, such as cows, sheep, pigs, or chickens, for the purpose of obtaining a reliable and sustainable food source has been a fundamental aspect of human civilization. Domestication allowed early human societies to control and breed animals for their meat, milk, eggs, and other valuable resources. This development significantly contributed to the stability and growth of human populations by providing a consistent and accessible food supply.On the other hand, options A and B are not found in all adaptive strategies. A. A division of labor based on gender varies across different societies and cultures, and while it has been prevalent in many traditional societies, it is not a universal characteristic. B. Transhumance, the seasonal movement of people with their livestock between different grazing areas, is not practiced in all adaptive strategies and is more common in specific geographic regions and cultural contexts.
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In terms of Jackson’s Consecutive Level Approach to organisational culture change, at which level is Cisco (based on the information presented in the case study)? Discuss.
Answers
In terms of Jackson’s Consecutive Level Approach to organizational culture change, Cisco is at the third level as per the information presented in the case study.
The Consecutive Level Approach is a framework for managing organizational change and improving organizational culture. It was created by Dr. Robert Jackson. This approach identifies seven levels of change that organizations can go through as they change their culture. The levels are arranged consecutively, with each level building on the one before it. These levels are sequential, meaning that an organization can only move to a higher level if it has already successfully implemented changes at the lower level.
Jackson’s Consecutive Level Approach has the following seven level
Level 1: Autocratic Culture
Level 2: Custodial Culture
Level 3: Supportive Culture
Level 4: Collegial Culture
Level 5: System Culture
Level 6: Strategic Culture
Level 7: Visionary Culture
Based on the information presented in the case study, Cisco is at the third level, which is a supportive culture. The company focuses on creating a work environment that promotes individual development and growth. Cisco has been successful in creating an environment where employees feel empowered to make decisions and take risks to improve the business. As a result, the company has been able to create a culture of innovation and creativity that has helped it to remain competitive in the technology industry.
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A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
Answers
The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
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This year Nathan transferred $7 million to an irrevocable trust established for the benefit of his nephew. The trustee is directed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. In past years Nathan has made taxable gifts of $6 million and used an applicable credit on an exemption equivalent of $5 million. What amount of gift tax, if any, must Nathan remit?
Answers
Nathan's transfer of $7 million to the irrevocable trust for the benefit of his nephew is a taxable gift.
However, Nathan has already used his applicable credit on an exemption equivalent of $5 million for past gifts, leaving a remaining applicable credit of $3.5 million. The taxable amount of the gift would be $7 million minus the remaining applicable credit of $3.5 million, resulting in a taxable gift of $3.5 million.
The gift tax rate is currently 40%, so Nathan would need to remit a gift tax of $1.4 million (40% of $3.5 million). However, it's worth noting that the trustee is directed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. Depending on the income generated by the trust during that time, there may be additional gift tax implications in the future.
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Companies go through different phases to reach product/market fit. These phases are the:
A) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
C) idea stage, the traction stage, the monetization stage, and the growth stage.
D) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
Answers
Answer: D is the correct answer.
Explanation: The different phases to reach the product/ market fit are:
The idea stage: It is the first stage, where the idea of a product comes into existence.The prototype stage: here, the idea converts into a modelThe launch stage: the product is launched in the market for the consumers.The traction stage: the initial progress of a startup and the momentum it builds as it grows.The growth stage: the consumers have accepted the product and are buying it.
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This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answers
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)
Answers
The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.
What is mean?In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.
Given a table for car washing each day,
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
50 45 48 26 47 55
Average for cars washed each day,
Average = sum of cars washed/number of days
sum of cars washed = 50 + 45 + 48 +26 + 47 + 55
the sum of cars washed = 271
total days = 6
average = 271/6 = 45.1667
average car washed each day = 45
If the car wash were open only five days a week, how many cars might be washed per year,
total car washed in year = (number of days)(average car washed)(year week)
total car washed in year = 5 x 45 x 52
total car washed in year = 11,700
Hence average car washed each day is 45 and the total car washed in a year is 11,700.
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CASE 1.1 Lehigh Valley Transport and Logistics Service (LVTLS)LVTLS was established in 1960 by Mason Delp as a local cartage company to provide pickup and delivery service for several interstate trucking companies in the Greater Lehigh Valley area of Pennsylvania. Mason saw signs of change in the area between Allentown and Philadelphia with the improvement of the interstate highway system and the improvements in the Pennsylvania Turnpike System providing North-South and East-West corridors along with other roadway additions and improvements. In addition there was a definite population sprawl around Philadelphia. The roadway additions and improvements provided transportation access to many communities. Mason’s observations were correct and the area changed from predominantly agriculture to companies producing and manufacturing products and services. One very significant development was the establishment of a number of facilities for producing pharmaceutical products and an agglomeration of companies and services to support that industry. The growth and success of these companies provided the opportunity for Mason Delp to expand his motor carrier services to provide both less-than-truckload and truckload service throughout the mid-Atlantic states. When the motor carriers were deregulated in 1980, Mason established warehousing services in Lansdale, Pennsylvania as a complement to his trucking services. At that point "Logistics" was added to the name of the company. He promoted his son, Paul, to vice president of the warehousing division because of his experience and education. In 2000, Mason retired and Paul became the CEO. The company experienced growth in the warehousing business as the economy was expanding in the early years of the twenty-first century and Paul invested heavily in information systems and technology. However, the great recession of 2008 caused challenges and financial pain for LVTLS because of a downturn in business activity. The investments in information systems and technology mitigated the impact of the downturn. The organization has fully recovered by 2012 but Paul now recognizes the need for cost control and strategic relationships to buffer future economic volatility. He is particularly concerned about the business activity he has with pharmaceutical companies because of the challenges that they are facing. However, Paul recognizes that their challenges may be opportunities for LVTLS to develop collaborative relationships with a number of these companies to help them improve their supply chains management.QUESTION 2:. Which of these challenges provide the best opportunity for LVTLS? Why? Give reasons for your answer
Answers
The best opportunity for LVTLS to take advantage of is the challenges that pharmaceutical companies are facing. By collaborating with these companies and helping them improve their supply chain management, LVTLS can help them reduce costs and optimize their operations.
This could result in LVTLS receiving more business from pharmaceutical companies, and help them increase their revenue and profit. Furthermore, developing a strategic relationship with these companies would help protect LVTLS from economic volatility, as the company can rely on these clients for consistent business even during difficult times.
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
The minimum-efficient scale for a typical firm producing water filters is 30,000 water filters. if the market demand is 630,000 water filters, how many firms producing at minimum-efficient scale can the market support
Answers
Answer:
10,000
Explanation:
Why are mutual funds considered a high-risk form of investment?
A. They rely on risky practices such as investing borrowed money.
B. They are owned and controlled by the federal government.
C. They cannot be withdrawn for at least 30 years after investment.
D. They involve buying stocks that have unpredictable value.
Answers
Mutual funds are considered a high-risk form of investment because they involve buying stocks that have unpredictable value. Therefore, (D) is the correct option.
What are Mutual Funds?A corporation that pools money from several investors and invests it in stocks, bonds, or other assets is known as a mutual fund.
They are considered highly risky because they deal with unpredictable stock.
Therefore, (D) is the correct option.
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The resources a business uses to conduct its operations are called.
Answers
Answer:
Assets.
Explanation:
Mr. Almos earned $672. 55 in net pay for working 28 hours. He paid $99. 60 in federal and state taxes, and $41. 62 in fica taxes. What was his hourly wage?.
Answers
Mr. Amos's hourly wage is $29.06 or option C after paying FICA taxes.
To get hourly wage, we should first add the taxes to the pay.FICA is a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck. Your nine-digit number helps Social Security accurately record your covered wages or self- employment. As you work and pay FICA taxes, you earn credits for Social Security benefits.
so,
672.55
99.60
+41.62
813.77
So he earned 813.77 for working 28 hours
To find out how much he earned for each hour
813.77 / 28 = 29.06
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complete Question:
Mr. Almos earned $672.55 in net pay for working 28 hours. He paid $99.60 in federal and state taxes, and $41.62 in FICA taxes.
What was his hourly wage?
A. $18.98
B. $24.01
C. $29.06
D. $29.96
When people are in debt, it means there is no income
True or false?
Answers
Which situation describes a monopoly market structure?
A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.
Answers
Answer:
D. One company builds and sells all of the cars available in a
developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.
Why is the housing market not a perfectly competitive market
Answers
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover
Answers
Here's link to the answer:
bit.\(^{}\)ly/3a8Nt8n
two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. economist x argues that government intervention is most likely necessary to eliminate this unfair treatment, while economist y argues that the best solution to the unfair treatment is to let the market work to eliminate it on its own.
Answers
Economist Y is most likely to be correct when labor and product markets are highly competitive and the lower wages of the disfavored group result from discrimination by employers. This is because of discrimination by employers.
What is an employee?A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.
The labor market, often known as the job market, refers to the supply of and demand for labor, in which employees give the supply and employers provide the demand. It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services.
Therefore, Thus option (C) is correct
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Will the following transaction be included in GDP for the United States? Explain Why or Why Not.
Mrs. Rockefeller purchases $1,000,000 of stock in Home Depot.
Answers
The purchase of the stocks would not be included in the GDP of the United States. This is because the purchase of sale of financial assets are not included in GDP.
What is GDP?
GDP is an abbreviation for gross domestic product. The gross domestic product of a country is the sum of all the final goods and services that a country produces in a certain period. Gross domestic product is used to determine the economic wellbeing of a country. The higher the GDP, the higher the wealth of the country.
GDP calculated using the expenditure method is:
Gross domestic product = consumption spending + government spending + business spending + net export
The following are not included in the calculation of GDP:
services not rendered to oneselfActivities not reported to the government illegal activitiessale or purchase of used productssale or purchase of intermediate productsthe purchase or sale of financial assets e.g. stocks and bondsTo learn more about GDP, please check: https://brainly.com/question/15225458
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Which development would most reflect Karl Marx's belief in the economic
system that he predicted would replace free markets?
A. Companies begin selling more products overseas.
B. Governments eliminate taxes on corporate profits.
OC. Private businesses lose control over factories.
O D. Workers are forced to accept low wages for their labor.
Answers
The loss of factory control by private firms is the process that most closely reflects Karl Marx's belief about the economic system that will eventually replace free markets.
Option C will be the representation of the economic system that Karl Marx believed in.
Karl Marx economic theoryTo explain relative inequalities in market prices, Karl Marx believed in the labor theory of value. The value of a manufactured economic good can be determined objectively by the average direct labor hours required to make it, according to this theory.
Karl Marx on PrivatizationAccording to Marx, the entire goal of primitive accumulation is to monopolize the means of production so that exploiting owners can profit from the surplus labor of people who, due to a lack of other options, are forced to work for them.
Therefore, option C is the correct answer.
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Answer: A is the correct answer
Explanation:
what percent increase when 8 is made to 10
Answers
Answer:
25 percent
Where: 8 is the old value and 10 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.
Explanation:
i hope you understand
A percentage is a way to describe a part of a whole. The percentage increase when 8 is made to 10 is 25%.
What are Percentages?A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.
To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.
Th percentage increase or decrease is calculated using the formula,
Percentage increase or decrease
= (Final value - Initial value)/ Initial value × 100%
If the result is negative than there is percentage decrease if the value is positive than there is percentage increase.
Given that the initial value was 8, while the final value was 10. Therefore, The percentage increase when 8 is made to 10 is,
Percentage = (10 - 8)/8 × 100%
= 2/8 × 100%
= 1/4 × 100%
= 0.25 × 100%
= 25%
Hence, The percentage increase when 8 is made to 10 is 25%.
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Who wants KSI to win against jake paul!!!
Answers
Answer:
jake will win that fight trust me
Explanation:
a sale of foreign assets by a central bank has the same effect on the monetary base as
Answers
A sale of foreign assets by a central bank has the same effect on the monetary base as domestic money supply.
A sale of foreign assets by a central bank would lead to a decrease in the monetary base. This is because the central bank would receive foreign currency in exchange for the sale, which would then be removed from the domestic money supply. The monetary base is the sum of currency in circulation and reserves held by banks at the central bank, so a decrease in reserves would directly lead to a decrease in the monetary base.
Additionally, if the central bank chooses to use the proceeds from the sale to purchase domestic assets, this could potentially lead to an increase in the monetary base, but the overall effect would still depend on the size of the sale and the subsequent actions taken by the central bank.
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After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.
Answers
After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.
What is investing?
Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.
Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.
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