Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal cost of the 3rd unit of output. Enter your answer exactly; do not round.

Answers

Answer 1

Marginal cost is defined as A. the change in total costs from producing one more unit of output.

What is a marginal cost?

A change in output, which is a change in the quantity of production, results in a marginal cost change in the total cost of production. In other words, when the quantity produced changes by one unit, the total cost changes. It is expressed mathematically as a derivative of the total cost for the quantity.

The price to produce a second unit of production is known as the marginal cost. Since marginal cost aids in determining the level of production that is the most effective for a manufacturing process, it is a crucial concept in cost accounting. It is calculated by estimating the costs incurred even if just one more unit is produced.

Learn more about marginal cost on:

https://brainly.com/question/17230008

#SPJ1


Related Questions

assume that the federal reserve increases the money supply. this will cause: i. interest rates to decrease ii. consumption and investment to decrease tion to fall

Answers

Assuming that the Federal Reserve increases the money supply, this will likely cause interest rates to decrease.

This is because there will be more money available in the economy, which will reduce the demand for loans and make it easier for businesses and individuals to borrow at lower rates. However, it is not necessarily the case that consumption and investment will decrease. In fact, some economists argue that an increase in the money supply can actually stimulate economic activity by making it easier for people to borrow and invest. So while it is possible that consumption and investment may fall in response to a change in the money supply, this is not a guaranteed outcome.


So, in summary, when the Federal Reserve increases the money supply, it causes interest rates to decrease and consumption and investment to increase.

To know more about  interest rates  refer here :

https://brainly.com/question/29451175

#SPJ11

I own a candy store in my country. I am free to choose the products I sell and I am able to complete against other stories using innovative ideas. After a white selection of candies are various prices what type of economic system does my country most likely utilize

Answers

Answer:

The country most likely utilizes a free market economy.

Explanation:

A free market economy is characterized by the price system: in this system, prices signal economic activity in order to coordinate the forces of supply and demand in order to reach a market equilibrium.

In a free market economy, competition is stiff because firms can freely enter and exit the markets, and this also influences the price of goods and services.

Firms try to out-compete other firms by improving production processes, innovating, and lowering costs.

List the four parts of the business cycle.

Answers

Expansion, peak, contraction and trough is the answer

explain how extending credit builds customer loyalty.

Answers

Answer:

spending more to improve quality of product according to customers expectations

OK I need to think of a name for my business. My business I want to make will have lip gloss,bath bombs, necklaces, rings and other things. I need a girly name but not to girly. Can you share some ideas? Please help I'll give u anything, like a 5 star or something.

Answers

Answer:

Halonia

Explanation:

Sounds very unique and different. Very eye catching. Sounds girly but not too girly.

Suppose Southeast Mutual Bank, Walls Fergo Bank, and PJMorton Bank all have zero excess reserves. The required reserve ratio is presently set at 25%. Andrew, a Southeast Mutual Bank customer, deposits $1,800,000 into his checking account at the local branch. Complete the following table to reflect any changes in Southeast Mutual Bank's T-account (before the bank makes any new loans). Assets Liabilities Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 25%. Hint: If the change is negative, be sure to enter the value as negative number. Amount Deposited Change in Excess Reserves Change in Required Reserves (Dollars) (Dollars) (Dollars) 1,800,000 Now, suppose Southeast Mutual Bank loans out all of its new excess reserves to Teresa, who immediately uses the funds to write a check to Sam. Sam deposits the funds immediately into his checking account at Walls Fergo Bank. Then Walls Fergo Bank lends out all of its new excess reserves to Darnell, who writes a check to Beth, who deposits the money into her account at PJMorton Bank. PJMorton lends out all of its new excess reserves to Eleanor in turn. Fill in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dollar. Increase in Deposits Increase in Required Reserves Increase in Loans (Dollars) (Dollars) (Dollars) Southeast Mutual Bank Walls Fergo Bank PJMorton Bank Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $1,800,000 injection into the money supply results in an overall increase of in demand deposits.

Answers

The overall increase in demand deposits is $5,400,000

Table 1: Changes in Southeast Mutual Bank's T-account after Andrew's deposit

                        Assets                   Liabilities

                 +$1,800,000             +$1,800,000

Table 2: Effect of the new deposit on excess and required reserves at Southeast Mutual Bank

Amount Deposited  Change in Ex. Reserve         Change In Req. Reserves

$1,800,000            +$1,800,000                      +$450,000

The deposit of $1,800,000 increases Southeast Mutual Bank's reserves by the same amount, resulting in an increase in both excess reserves and required reserves.

The required reserve ratio is 25%, so 25% of the deposit, which is $450,000, becomes required reserves.

Now, let's move on to the subsequent chain of events at each bank.

Table 3: Effect of the ongoing chain of events at each bank

                            Deposits(Incr)   Req. Reserves(Incr)          Loans(Incr)

Southeast Mutual  -$1,800,000        -$450,000                   $1,350,000

Walls Fergo        +$1,800,000        +$450,000           $1,350,000

PJMorton              +$1,800,000     +$450,000                   $1,350,000

Overall

(money supply)     +$5,400,000      +$1,350,000           $4,050,000

Each bank receives a deposit, increases its deposits and required reserves by the same amount, and then lends out its new excess reserves.

This process continues, with the loans being deposited into checking accounts and no banks holding excess reserves. The chain of events leads to an overall increase in demand deposits of $5,400,000.

The required reserves increase by $1,350,000, which is 25% of the initial deposit. The total increase in loans across all banks is $4,050,000.

Thus, the $1,800,000 injection into the money supply results in an overall increase of $5,400,000 in demand deposits.

Learn more about demand deposits here:

https://brainly.com/question/14061410

#SPJ12

Andy has decided to drop the price on his townhome. His listing agreement states the list price as $650,000. How can he account for the price drop

Answers

Based on the information given regarding the listing agreement, he can account for the price drop by establishing a compensation paragraph that the buyer will owe the broker commission.

What is a listing agreement?

It should be noted that a listing agreement simply means an employment contract that's between a property owner and a real estate broker.

In this case, he can account for the price drop by establishing a compensation paragraph that the buyer will owe the broker commission.

Learn more about listing agreement on:

https://brainly.com/question/8186569

What would it mean to our economy if the government took control of how and when businesses operate? Furthermore, what if they also began seizing bank accounts and/ or property?

Answers

What it would mean is that they would have control of everyone
We wouldn’t be able to do anything by ourselves with our own things
Since they would have control of our property and even bank accounts
It is technically taking away our life

Without specifics, a goal isn't very_____.

motivating
accurate
needed
useful

Answers

Accurate. PLEASE GIVE ME BRAINIEST

Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner" option bypassing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you save by choosing the "sale by owner" option?

Answers

Answer:

5350

Explanation:

If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.

What is Sales?

Sales can be defined as the way of selling a product in exchange for cash.

Using this formula

Amount saved=(Selling price×Sales commission)- Closing price

Let plug in the formula

Amount saved=($210,000×3%)-$950

Amount saved=$6,300-$950

Amount saved=$5,350

Therefore If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.

Learn more about sales here: https://brainly.com/question/25586322

#SPJ2

Financing costs are usually paid by the lender to either the borrower/buyer or the seller. True or false.

Answers

The given statement "Financing costs are usually paid by the lender to either the borrower/buyer or the seller" is False Financing costs are not usually paid by the lender to either the borrower/buyer or the seller.

In a typical financing arrangement, the borrower/buyer is responsible for paying the financing costs, which may include interest, loan origination fees, or other associated expenses.

These costs are incurred by the borrower as part of the financing agreement. The lender provides the funds for the loan but does not typically cover the financing costs.

However, it's important to note that specific financing arrangements can vary, and in some cases, the lender may agree to cover certain costs as part of the loan terms

Know more about loan here:

https://brainly.com/question/11794123

#SPJ11.

what facet of the company has recently changed by moving eric e. schmidt to chairman of the board of directors?

Answers

Organizational structure of the company has recently changed by moving Eric. Schmidt to chairman of the Board of Directors.

An organization's aims are accomplished in accordance with the guidelines provided by its organizational structure.Each employee's task is clearly defined by successful organizational structures, along with how it integrates into the larger system.In contrast to decentralized systems, which provide nearly every employee a high amount of personal agency, centralized organizations have a clearly established chain of command.Functional, divisional, flatarchical, and matrix organizational structure types are among them.Before choosing which kind of organization is appropriate for their company, senior leaders should take into account a number of variables, including the business goals, sector, and corporate culture.Through this structuring, a corporation may see how it is shaped and how to best move forward in reaching its objectives.

Learn more about Organizational structure, here

https://brainly.com/question/23967568

#SPJ4

What strategic planning concepts resonated the most with you? Describe them in your own words. Why did these concepts resonate with you?
How has your way of thinking about strategic planning in a changing technology-rich environment changed?
How do you plan on further developing your understanding of these theories/concepts and applying them as a scholar-practitioner-leader?

Answers

The two strategic planning concepts that resonated with me the most are the concept of creating a strategic plan that is flexible and adaptable to changes and the concept of ensuring that the strategic plan is aligned with the overall mission, vision, and values of the organization.

The concept of creating a strategic plan that is flexible and adaptable to changes resonated with me because we live in a rapidly changing world, and the strategic plan needs to be able to adjust to these changes. By creating a flexible plan, organizations can make adjustments as needed to remain relevant and achieve their goals. Additionally, by ensuring that the strategic plan is aligned with the overall mission, vision, and values of the organization, it creates a clear path for the organization to follow and helps to ensure that everyone is working towards the same goals.

My way of thinking about strategic planning in a changing technology-rich environment has changed in a few ways. First, I now realize the importance of staying up to date with technological advances and understanding how they can impact the organization. By doing so, organizations can ensure that they are using technology to their advantage and can stay ahead of the competition. Additionally, I now understand the importance of creating a plan that is not only flexible and adaptable to changes in technology but also takes into account the potential risks and challenges that come with these changes.

Further developing my understanding of these theories/concepts and applying them as a scholar-practitioner-leader will involve a few different steps. First, I plan on reading more about these concepts and studying how they have been applied in other organizations. Additionally, I plan on attending seminars and workshops to gain more insight into these concepts and how they can be applied in practice. Finally, I plan on using this knowledge to help develop strategic plans that are flexible, adaptable, and aligned with the mission, vision, and values of the organizations that I work with.

Learn more about strategic planning: https://brainly.com/question/26960576

#SPJ11

human rights violations​

Answers

Answer:

Examples include torture, starvation, deprivation of religion, abortion, etc.

Explanation:

I don't know if that's what you need. I can give more examples.

Human rights violations​: Examples include executions, famine, denying access to religion, and abortion, among others.

Using factors like ethnicity, gender, and sexual orientation as grounds for discrimination at work (The right to work) Non-provision of maternity leave (protection and support of the family) Insufficient minimum wage (workplace rights) separating pupils with impairments from their peers (the right to education). Human rights breaches are either directly or indirectly committed by a state.

Violations may be committed by the state knowingly or as a result of the state's negligence in preventing the violation. Police, judges, prosecutors, government officials, and other actors can all be implicated when a state commits human rights breaches. Physical violence, such as that committed by police officers, might constitute a breach.

Learn more about human rights violations​ here:

https://brainly.com/question/32056806

#SPJ5

How do the events of the nation affect the national debt?

Answers

Answer:   Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.

Explanation:

If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.

President Reagan often stated he preferred supply side policies. Which of the following federal government policies would be considered supply side?
i. decrease the quantity of money
ii. lower taxes
iii. more government spending

Answers

Supply-side policies focus on stimulating economic growth and productivity by targeting the factors of production, such as capital, labor, and technology. Of the options provided, lowering taxes would be considered a supply-side policy. This approach aims to reduce the burden on businesses and individuals, allowing them to retain more of their income and invest it back into the economy. Lower taxes are believed to incentivize work, investment, and entrepreneurship, leading to increased production and economic activity.

On the other hand, decreasing the quantity of money and more government spending are not typically associated with supply-side policies. Decreasing the quantity of money, often referred to as monetary tightening, is an example of a demand-side policy that aims to control inflation and stabilize the economy by reducing spending power. More government spending, or fiscal expansion, is also considered a demand-side policy that seeks to stimulate the economy through increased public expenditure, thereby boosting consumer demand.



Learn more about  Policies here; brainly.com/question/30702255
#SPJ11

7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm

Answers

Answer:

1 buying a bicycle it's a good

2 getting a back message it's a service

3 getting the plumbing fixed in your house it's a service

4 use of a smartphone app it's a service

5 buying a new Ac unit for your house it's a service

6 buying a hamburger it's a good

7 getting your taxes completed by a tax firm it's both

What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

For more about Marginal revenue refer to the link:https://brainly.com/question/12231343

q5 to q10 are based on this problem. jack could manufacture covid 19 test kits using two processes. for process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced to $4 afterward. for process 2, the unit cost of the first five million kits is $8, and the unit cost is reduced to $5 after that. jack has a budget of 20 million dollars and likes to maximize the number of test kits. formulate this problem as an ip. i suggest you write out the complete formulation before you answer the multiple-choice questions. decision variable: x11: millions of kits manufactured at $10 using process 1 x21: millions of kits manufactured at $4 using process 1 x12: millions of kits manufactured at $8 using process 2 x22: millions of kits manufactured at $5 using process 2 what is the objective function?

Answers

As per the data given in the question, the objective function of the problem as an IP is: x11, x21, x12, x22 >= 0

The decision variables are:

x11: the number of millions of test kits manufactured at a unit cost of $10 using process 1

x21: the number of millions of test kits manufactured at a unit cost of $4 using process 1

x12: the number of millions of test kits manufactured at a unit cost of $8 using process 2

x22: the number of millions of test kits manufactured at a unit cost of $5 using process 2

The objective is to maximize the number of test kits produced, subject to the budget constraint of $20 million. Therefore, the objective function is:

Maximize: x11 + x21 + x12 + x22

subject to the following constraints:

The total cost of process 1 production cannot exceed the budget:

$10x11 + $4x21 <= $20,000,000

The total cost of process 2 production cannot exceed the budget:

$8x12 + $5x22 <= $20,000,000

The total number of kits produced cannot exceed the capacity of each process:

x11 + x21 <= 2

x12 + x22 <= 5

The number of kits produced must be non-negative:

x11, x21, x12, x22 >= 0

Therefore, the complete formulation of the problem as an IP is:

Maximize: x11 + x21 + x12 + x22

subject to:

$10x11 + $4x21 <= $20,000,000

$8x12 + $5x22 <= $20,000,000

x11 + x21 <= 2

x12 + x22 <= 5

x11, x21, x12, x22 >= 0

Know about an alternative method to calculate objective function - https://brainly.com/question/29185392

#SPJ4

What are the goals of government regulation?
low unemployment, price stability,
economic growth
O high unemployment, price instability,
economic growth
low unemployment, price stability,
economic steadiness
O high unemployment, price instability,
economic steadiness

Answers

Answer: A)  low unemployment, price stability, economic growth

Explanation: Government regulation attempts to promote growth, full employment, and price stability for the well-being of the citizens

The goals of an ideal government while making regulations shall include the following purposes,

low unemployment, price stability,economic growth.

Therefore, the option A holds true.

What is the significance of government goals?

The goals of a government can be referred to or considered as the qualitative and quantitative targets set by the government in order to foresee better conditions in the future. These are backed by economic plans and regulations.

For a developing or a developed government, the goals must be economically based while being regulated. These goals must include reduced poverty and unemployment in order to achieve a healthy economic growth.

Therefore, the option A holds true and states regarding the significance of the goals of a government.

Learn more about government goals here:

https://brainly.com/question/526427

#SPJ2

What are reasons why strategic planning may not occur sequentially?

Answers

There are several reasons why strategic planning may not take place in order:

When conducting a situation analysis makes it necessary to update the mission statementWhen there are insufficient resources to allow the execution plan to proceedWhen fresh strategic chances present themselves

Strategic planning is a process carried out by an organization to determine strategy or direction, and make decisions to allocate its resources (including capital and human resources) to achieve this strategy. Strategic planning is a management tool used to manage current conditions to project conditions in the future, so strategic plans are a guide that organizations can use from current conditions to work towards the next 5 to 10 years.

#SPJ4

If expected inflation is 3.5%, current inflation is 2.2% and the real equilibrium interest rate is 3.1%, using the Taylor rule, determine: a) The impact of a 5% recession on short term nominal policy rate ( 4 marks) b) If the wedge between policy and commercial bank lending rate is 2%, determine the market (nominal) lending rate? (4 marks) c) The real profit margin of banks if liquidity premium was 5% (4 marks).

Answers

The expected inflation rate is 3.5%, the real interest rate is 3.1%, and the liquidity premium is 5%, the nominal interest rate would be 11.6%.

The Taylor rule is a guideline that central banks use to set short-term interest rates based on economic conditions such as inflation, output, and other factors.

According to the Taylor rule, the target short-term interest rate is calculated as follows:

r = p + 0.5y + 0.5(p - 2) + 2

Here,r = real equilibrium interest rate p = expected inflation y = the difference between actual GDP and potential GDP

If the expected inflation rate is 3.5 percent, the current inflation rate is 2.2 percent, and the real equilibrium interest rate is 3.1 percent, the Taylor rule would suggest the following target short-term interest rate

:r = 3.5 + 0.5 (2.2 - 3.5) + 0.5(3.5 - 2) + 2= 3.5 - 0.65 + 0.75 + 2= 5.6%

Hence, the target short-term interest rate using the Taylor rule would be 5.6%.

If a 5% recession occurs, the short-term nominal policy rate should be reduced by half the difference between the actual GDP and potential GDP.

Here, the recession is equal to 5%, which is greater than the output gap (potential GDP - actual GDP).

y = 0.5(5 - 0) = 2.5

Therefore, the short-term nominal policy rate would be:

r = p + 0.5y + 0.5(p - 2) + 2

= 3.5 + 0.5(2.2 - 3.5) + 0.5(3.5 - 2) + 2 - 0.5(2.5)= 4.65%

Hence, the short-term nominal policy rate during a 5% recession would be 4.65%.

The policy lending rate and commercial bank lending rate are not the same because banks' expenses and risks must be considered in addition to the policy rate.

The difference between the two rates is referred to as the interest-rate spread. Since the wedge between the policy and commercial bank lending rates is 2%, the market (nominal) lending rate can be calculated as follows:

Market (nominal) lending rate = Policy lending rate + interest-rate spread= 4.65 + 2= 6.65%

Hence, the market (nominal) lending rate would be 6.65%.c)The equation for the nominal interest rate is:

r = p + i + lp Where:r = nominal interest rate p = expected inflation i = the real interest rate, and lp = the liquidity premium

When the expected inflation rate is 3.5%, the real interest rate is 3.1%, and the liquidity premium is 5%, the nominal interest rate would be:r = p + i + lp= 3.5 + 3.1 + 5= 11.6%Hence, the nominal interest rate would be 11.6%.

In summary, the Taylor rule offers a way for central banks to adjust short-term interest rates in response to changes in economic conditions. If expected inflation is 3.5%, current inflation is 2.2%, and the real equilibrium interest rate is 3.1%, the Taylor rule suggests a target short-term interest rate of 5.6%. If there is a 5% recession, the short-term nominal policy rate would be reduced by 0.5 times the output gap, resulting in a rate of 4.65%. When there is a 2% wedge between policy and commercial bank lending rates, the market (nominal) lending rate is 6.65%. Finally, if the expected inflation rate is 3.5%, the real interest rate is 3.1%, and the liquidity premium is 5%, the nominal interest rate would be 11.6%.

Taylor's rule, which is widely used in macroeconomics and monetary policy, has been able to provide significant guidance in forecasting and predicting target interest rates in many situations. The Taylor rule is essential in guiding central banks' monetary policies and decision-making, and it provides an intuitive way to understand the relationship between real and nominal interest rates and inflation.

To know more about inflation visit:

brainly.com/question/28136474

#SPJ11

how much did the printer that came with the first univac system cost?

Answers

The UNIVAC I was originally priced at US$159,000 but later increased in price to between $1,250,000 and $1,500,000. In the end, 46 systems were built and delivered.

Was UNIVAC a success?

It weighed 16,000 pounds, contained 5,000 vacuum tubes, and was capable of performing 1,000 calculations per second. On November 4, 1952, the UNIVAC gained national attention when it correctly predicted Dwight D. Eisenhower's death. The UNIVAC I was the first American computer designed from the beginning for business and administrative use, with fast execution of relatively simple arithmetic and data transport operations, rather than the complex numerical calculations required of scientific computers. As such, the UNIVAC competed directly with punch-card machines, despite the fact that the UNIVAC could neither read nor punch cards at first. This limitation hampered sales to businesses concerned about the high cost of manually converting large amounts of existing data stored on cards. This was remedied by the addition of offline card processing equipment, such as the UNIVAC Tape to Card converter, which transferred data between cards and UNIVAC magnetic tapes.  However, the UNIVAC I's early market share was lower than the Remington Rand Company had hoped. [Citation required]

Learn more about arithmetic from here;

https://brainly.com/question/29738100

#SPJ4

What is the integral part of research?

Answers

Ethics is considered to be an integral part of research from the beginning to the end.

Research is considered to be very critical to societal development. As the research is conducted to study and then generate knowledge, provide useful information, and help the decision-making, among others.

However, ethics are considered to be an important part of the research. Thus, there are several reasons that why it is important in order to adhere to ethical norms. First, the norms tend to promote the aims of research. Research methods are specific procedures to collect and analyze data.

Hence, it also promotes knowledge, truth, and avoids any error.

To learn more about the ethics here:

https://brainly.com/question/22691507

#SPJ4

Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-
bedroom home instead
Took her five years, but she has saved $20,000 for a down payment
Homes in her small town are typically selling for $75,000 to $95,000
Is preapproved for a 6.98% interest rate on a 30-year fixed mortgage
Needs her monthly payment to be less than $550
Property Tax $150
4. Rounded to the nearest $500, what's the most expensive house Carlin could buy?
$79,500
5. How much total interest will she pay over the course of the mortgage for this house?
$45,000
6. What month and year does Carlin pay off her house?
7. If Carlin could add just $50 to each monthly payment, how much money would she save on interest?
8. What month and year does Carlin pay off her house if she makes the higher monthly payment?
9. What are some strategies Carlin could use to make sure she has an extra $50/month for her mortgage?​

Answers

5. Carlin will pay a total of $32,000 in interest over the course of the mortgage

6. Carlin will pay off her house in January 2053.

7. If Carlin could add just $50 to each monthly payment, the total interest savings would be $5,091

8. Carlin would pay off her house in June 2051 if she makes the higher monthly payment.

How did we get these values?

To calculate the total interest Carlin will pay over the course of the mortgage, we can use the formula for calculating the total cost of a mortgage:

Total cost = (Monthly payment x Number of payments) - Loan amount

First, we need to calculate the loan amount, which is the total cost of the house minus the down payment:

Loan amount = $79,500 - $20,000 = $59,500

Next, we need to calculate the number of payments, which is the total number of years multiplied by 12:

Number of payments = 30 years x 12 months/year = 360

Now we can calculate the monthly payment using the formula for a fixed-rate mortgage:

Monthly payment = (Loan amount x Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of payments))

where the monthly interest rate is the annual interest rate divided by 12:

Monthly interest rate = 6.98% / 12 = 0.582%

Plugging in the values, we get:

Monthly payment = ($59,500 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $372.80

Finally, we can calculate the total interest paid over the course of the mortgage:

Total interest = (Monthly payment x Number of payments) - Loan amount = ($372.80 x 360) - $59,500 = $31,968

Rounding this to the nearest $1,000, we get:

Total interest = $32,000

So Carlin will pay a total of $32,000 in interest over the course of the mortgage.

6. To calculate the month and year when Carlin will pay off her house, we need to use an amortization table, which shows the breakdown of each monthly payment into principal and interest. Based on the total cost of the house, the down payment, the interest rate, and the number of payments, we can calculate the amortization table. From the table, we can see that Carlin will pay off her house in January 2053.

7. If Carlin could add $50 to each monthly payment, she would save money on interest and pay off her house sooner. To calculate how much money she would save on interest, we can calculate the new monthly payment using the same formula as before, but with a slightly lower loan amount:

New loan amount = $59,500 - ($50 x 12) = $58,900

New monthly payment = ($58,900 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $402.52

The total interest paid over the course of the mortgage with the higher monthly payment would be:

Total interest = ($402.52 x 360) - $58,900 = $26,909

The total interest savings would be:

Interest savings = $32,000 - $26,909 = $5,091

8. Using the higher monthly payment, Carlin would pay off her house sooner. To calculate the month and year when she would pay off her house, we can use the same amortization table as before. From the table, we can see that Carlin would pay off her house in June 2051.

9. To make sure she has an extra $50/month for her mortgage, Carlin could consider the following strategies:

Cut back on discretionary expenses such as eating out, entertainment, and travel.Find ways to save on household expenses such as utilities, groceries, and insurance.Increase her income by taking on a side hustle, asking for a raise, or finding a higher-paying job.Sell unwanted items or find ways to make.

learn more about total interest: https://brainly.com/question/2294792

#SPJ1

hae-sook has joined the marketing department of an electronics retailer that will be exploring the market potential for a new product. what will be the first step in the marketing research process that hae-sook’s team will undertake?

Answers

The first phase in the marketing research process that Hae-Sook’s team will carry out is defining the objectives and research needs.

Making informed judgments for marketers and the senior leadership of a firm requires the use of marketing research. Researching the market might need highly specific abilities that go beyond the knowledge covered in this session. Each marketer should be knowledgeable about the fundamental methods and approaches used in marketing research, though.

A marketing professional will almost certainly need to oversee an internal marketing research project at some time or collaborate with an outside marketing research company to carry out a research study.

Learn more about marketing research:

brainly.com/question/30651551

#SPJ4

which of these is the best example of psychological pricing
a.$19.99
b.$20
c.$55
d.$50.00

Answers

\(\mathfrak{\huge{\orange{\underline{\underline{AnSwEr:-}}}}}\)

Actually Welcome to the concept of Psychology.

Psychological pricing refers to the type of price which can make any customer think that the price is less, but in truth they count the same amount with a negligible difference from the original price.

Here the best example is,

A.) $19.99

here it refers as people are spending less money than $20 ,but in real there is negligible difference in both them hence, it is a psychological pricing.

The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing. The best example of psychological pricing is $19.99. Option (a) is correct.

What do you mean by Pricing?

Pricing is the process of determining the value that a manufacturer will receive in exchange for their goods and services.

The psychological cost to the consumer is $19, not $20, if a product's price is $19.99 rather than $20. Therefore, $19.99 is a cheaper price than $20 for consumers. This tactic may help the product in the market sell more.

The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing. The objective is to satisfy a customer's psychological need, whether that need is to save money, invest in the best product, or receive a "good deal."

Therefore, Option (a) is correct. The best example of psychological pricing is $19.99.

Learn more about Pricing, here;

https://brainly.com/question/20703640

#SPJ2

When the quantities of the priced materials vary during the project but the scope of the work is fixed, what type of contract is good?
Unit Price Guaranteed Maximum Price (GMP) Time and Material
Lump sum

Answers

A cost-plus contract is a good type of contract when the quantities of priced materials vary during a project but the scope of the work is fixed.

In a cost-plus contract, the contractor is reimbursed for all allowable costs, plus a fixed fee or a percentage of the costs, to cover overhead and profit. This type of contract provides flexibility for the contractor to manage unexpected changes in the cost of materials and allows the owner to share in any cost savings. This type of contract provides flexibility for the contractor to manage unexpected changes in the cost of materials. It also allows the owner to share in any cost savings that result from efficient project management. Cost-plus contracts can be structured as a fixed fee, cost plus a percentage of the cost, or cost plus a percentage of cost with a ceiling. The cost-plus approach can also help to ensure fair compensation for the contractor in cases where prices increase unexpectedly.

learn more about cost-plus here:

https://brainly.com/question/29870523

#SPJ4

rs. jones owns a house. her friend, miss smith, lives in the house with mrs. jones. mrs. jones recently died. in her will, mrs. jones granted a life estate to miss smith whereby miss smith owns the house for as long as miss smith is alive. upon the death of miss smith, ownership of the property is to go to mrs. jones son, albert. each of the following statements is correct, except: select one: a. miss smith holds a life estate pur autre vie b. albert holds an estate in remainder c. miss smith holds a freehold estate d. miss smith cannot will her estate to her heirs

Answers

The correct answer is: d. Miss Smith cannot will her estate to her heirs.


In this scenario, Mrs. Jones granted a life estate to Miss Smith, which means that Miss Smith has the right to live in the house for as long as she is alive. This is known as a freehold estate, as it grants her ownership rights for a lifetime. Therefore, statement c is correct.

Statement a is also correct, as a life estate purautre vie refers to a life estate that is based on the life of someone other than the holder of the life estate. In this case, the life estate is based on the life of Miss Smith.

Statement b is also correct, as Albert holds an estate in remainder. This means that upon the death of Miss Smith, ownership of the property will pass to Albert. Albert has a vested interest in the property, but he does not have possession until the life estate ends.

However, statement d is incorrect. Miss Smith does have the ability to will her life estate to her heirs. In this case, since the life estate is based on her life, upon her death, the ownership of the property would pass to Albert as stated in the will. Her heirs would not have any rights to the property after her death.

Therefore, the correct answer is d. Miss Smith can will her life estate to her heirs.

To know more about estate visit:

https://brainly.com/question/29653703

#SPJ11

Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers.
Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also keen to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
a. aware
b. open to trial
c. most often used
d. nonrejecter
e. regular user

Answers

Answer: B) Open to Trial

Explanation:

Other Questions
some bacteria live in deep sea vents where no light penetrates, yet are still capable of producing their own reduced carbon. these organisms are classified as choose one: a. photoheterotrophs. b. chemoheterotrophs. c. chemoautotrophs. d. photoautotrophs. Calculate the number of mole of NaOH needed to prepare 250 mL 0.30 M NaOH solution. (Relative Atomic Mass: Na = 23.0; H = 1.0; O = 16.0] A)75.00 mol B)0.833 mol C)1.200 molD) 0.075 mol Escoge el verbo. La chica del coro ___ muy bienDibujanBailanCantan 2. what would happen if the glassware were not dry during the esterification reaction? how is water used to quench the reaction after it is complete? what are the strength and direction of the electric field 4.5 mm from each of the following? (a) a proton n/c ---select--- (b) an electron n/c Match each pollutant with its source.Match Term DefinitionCarbon dioxide A) made when it reacts to oxygenNitrogen oxides B) released when burning coal or gasVolatile organic compounds C) emissions from oil refineriesSulfur oxides D) cleaning, disinfecting, and degreasing products a student throws a set of keys vertically upward to his fraternity brother, who is in a window 4.15 m above. the brother's outstretched hand catches the keys 1.70 s later. (take upward as the positive direction. indicate the direction with the sign of your answer.) To paint a house, a painting compay charges a flat rate of $500 for supplies, plus $50 for each hour of labor. How much would the painting company charge to paint a house that needs 20 hours of labor? Needing help to solve this (algebra 8th grade) Question 12Which of the following is NOT considered to be one of the primary agents of socialization inthe first year of human life?mother.2 ptsO grandmother.O siblings.O peer group. If gh-f=g-h, which of the following gives g in terms of the other variables? need help (42) 2 (22) 2 = If f(x) = 2x + 4, what does f(2) + f(5) = street company makes a product that is expected to require 2 hours of labor per unit of product. the standard cost of labor is $6.00. street company actually used 2.1 hours of labor per unit of product. the actual cost of labor was $6.25 per hour. street company made 1,100 units of product during the period. based on this information alone, the labor usage variance is: a. $600 favorable. b. $660 unfavorable. c. $190 favorable. d. $660 favorable. g reported pretax accounting income of $860 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $1,140 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be: Which choice best describes a plant cell? A cell that uses sugars. B cell that has a nucleus. C cell that has a cell wall. D A cell that has a cell membrane. directing awareness inward to illuminate itself is a practice that has been used for centuries in various contemplative traditions in the east and the west. within christianity, it can be traced back to the desert fathers meditating in egypt during the early centuries of the christian church. hesychios the priest (seventh century), for example, a priest and monk who lived in a monastery on mount sinai, commented on this form of meditation in his treatise on watchfulness and holiness. If 60% of a number is 8, find 30% of that number. erythrocytesgroup of answer choicesdivide frequently.have all of these properties.have several nuclei in each cell.are biconvex disks.contain large quantities of hemoglobin. T:F/ a memo should always contain a complimentary close and a signature.