Answer:
12
Explanation:
Given that,
Sales price = $9 million
Estimated annual gross income = $750,000
The gross income multiplier is defined as the ratio of sales price to its effective gross income.
Therefore, the gross income multiplier is calculated as follows:
= (Sales price ÷ Estimated annual gross income)
= $9,000,000 ÷ $750,000
= 12
Use your credit card and pay it off each month
Answer:
B
Explanation:
Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.
Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.
Answer: Option (d) is correct.
Explanation:
Correct Option: Marginal revenue equals marginal cost.
Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.
The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.
Answer:
0.73 or 73%
Explanation:
Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.
It is calculated using the formula below.
ROI = returns( profits)/ cost of investments.
For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.
ROI= $38,000/ $52,000
ROI =0.73 or 73%
