Consumer surplus is best described as the extra benefit consumers receive when they ________.

Answers

Answer 1

Consumer surplus is best described as the extra benefit consumers receive when they agreed to pay lower price than they would have been willing to pay.

The extra benefit that consumers gain when they agree to pay a lower price than they would have been willing to pay is best described as consumer surplus.

How significant is consumer surplus?Consumer surplus measures the benefit or gain that consumers derive from their purchases of goods and services. This additional benefit may take many different forms, such as lower purchase-related expenditures, more advantages from using or consuming something, or higher levels of experience satisfaction.Consumers who receive a significant advantage from their purchases are more likely to buy those same things again in the future, therefore consumer surplus is crucial for small firms to take into account.

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Related Questions

If researchers follow the theory-data cycle and follow the norms of the scientific community, science will be:________

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If researchers follow the theory-data cycle and follow the norms of the scientific community, science will be: self correcting.

The cycle in science when researchers gather information to evaluate, revise, or update their hypotheses is called theory-data cycle.

In addition to explaining existing facts, a theory also enables scientists to forecast what observations they should expect to see if the theory is correct. Scientific hypotheses can be tested. A hypothesis should be consistent with new data. If not, the hypothesis is changed or abandoned.

It is common practise used by scientific community to employ theories to develop a research topic, direct the selection of pertinent data, evaluate the findings, and offer explanations of the underlying effects or causes of observable events.

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Sasha is a musician who wants to know what kinds of melodies people tend to enjoy. in terms of the goals of the scientific enterprise, her question is about:_________

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Sasha is a musician who wants to know what kinds of melodies people tend to enjoy. in terms of the goals of the scientific enterprise, her question is about the prediction

This is further explained below.

What are melodies?

Generally, the facet of musical composition that is concerned with the ordering of individual notes in order to produce a sequence that is agreeable to the listener's ears is called arrangement.

Melody is the term used to describe a succession of musical tones that are played in a line and are experienced by the listener as a single entity. The term "melody" may alternatively be referred to as "song," "voice," or "line."

When used in its most literal sense, the term "melody" may be regarded as referring to a combination of pitch and rhythm.

However, when taken in its more metaphorical sense, the word can refer to a range of other qualities of music, such as tonal color.

In conclusion, Sasha is a musician that is curious about the types of tunes that people generally love listening to.

Her inquiry pertains to forecasting, which is one of the primary focuses of the scientific endeavor as a whole.

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It is becoming more common to see manufacturing firms use the value chain to take strategic steps to improve the overall profitability of the firm by:______

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Manufacturing companies are increasingly using the value chain to take strategic actions to increase the overall profitability of the company by moving to an emphasis on both the upstream and downstream activities in the value chain.

How do you enter the value chain? What is it?

the value chain, please. A value chain is a method for taking a holistic view of all of your business operations and determining how to achieve a competitive edge by emphasizing the creation of the most value possible for your good or service while simultaneously maintaining healthy profit margins.

Who was the value chain's inventor?

Michael E. Porter first presented the idea of a value chain in his book Competitive Advantage: Creating and Sustaining Superior Performance (Free Press, 1998). "Looking at a firm as a whole cannot help one understand competitive advantage."

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Research in the general psychological literature indicates that nature (i.e., genetics) generally accounts for approximately what percentage of behavior?

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Research in the general psychological literature indicates that nature (i.e., genetics) generally accounts for approximately this percentage of behavior: d. 50 to 60%.

What is a psychological experiment?

A psychological experiment can be defined as a scientific investigation which typically involves the process of manipulating an independent variable (the cause), so as to determine or measure the dependent variable (the effect) and understand the relationship between the human mind and behaviors.

What is behavior?

A behavior can be defined as the unique characteristics or qualities that depicts how a person conduct himself or herself, especially towards others and in certain circumstances such as when suffering from a sickness or illness.

Based on research in the general psychological literature, we can reasonably infer that nature (i.e., genetics) generally accounts for approximately 50 to 60 percent of human behavior.

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Complete Question:

Research in the general psychological literature indicates that nature (i.e., genetics) generally accounts for approximately what percentage of behavior?

a. 10 to 20%

b. 20 to 30%

c. 30 to 40%

d. 50 to 60%

e. 80 to 90%

Why are the cases of anna, isabelle, and genie important to social scientists? describe how social interaction is the foundation of personality in these cases. do you agree with the assessment of personality or do you believe that people are more individual in nature?

Answers

Answer:The cases of Anna, Isabelle, and Genie are important to social scientists because they showcase the fact that extended periods of social isolation result in permanent damage. It shows that Socialization develops our humanity as well as our particular personality and proves that socialization is a lifelong process.

Explanation:

In what ways did Sir Syed Ahmed Khan seek to improve relations between the Muslims of the sub-continent and the British?

Answers

He appointed Chief Justice in Muradabad and later was transferred to Ghazipore. In 1864 he was transferred to Aligarh where he played an important part in establishing a new college. In 1876 he retired cork in the law to concentrate on running the college and to devote himself to improving the positions of Muslims in the sub-continent through education. Aligarh became the centre of a ‘Muslim renaissance’.

The u.s. iron mines are currently located in michigan and minnesota. the u.s. is one of the largest consumers of steel. according to the five economic principles, it makes good economic sense to_____.

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According to the five economic principles, it makes good economic sense to open a steel mill near Detroit, Michigan, where there are a lot of skilled laborers.

The US has a mixed economy, meaning its economic structure include elements of both capitalism and socialism. When the economy has the chance to run on the principles of supply and demand with little to no government regulation, that is capitalism. The right to private property, competition, profit as an incentive, and consumer sovereignty are the five guiding principles of the U.S. economic system of free enterprise.

The question is incomplete. The complete question is:

The U.S. iron mines are currently located in Michigan and Minnesota. The U.S. is one of the largest consumers of steel. According to the five economic principles, it makes good economic sense to_____.

A. sell the iron ore to the highest bidder

B. ship the ore to India, where labor is super cheap

C. open a steel mill near Detroit, Michigan, where there are a lot of skilled laborers

D. stop producing steel and iron

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Project ____ work with the project sponsors, the project team, and the other people involved in a project to meet project goals.

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We can actually deduce here that project managers work with the project sponsors, the project team, and the other people involved in a project to meet project goals.

Who is a project manager?

A project manager is actually known to be a professional who is seen in the field of project management. Their responsibility is to plan, procure and execute projects. They have the duty to ensure that projects under their supervision have a defined scope, start and finish.

We see that project managers work with project sponsors, the project team, and the other people involved in a project to meet project goals.

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The number of critical paths in a project network refers to the number of paths that have zero slack or float. These paths are critical because any delay in any of the activities along these paths would cause a delay in the overall project completion time.



To determine the number of critical paths after crashing activities, we need to first identify the critical path(s) in the original project network. The critical path is the longest path in the network, meaning it has the maximum total duration.

Once we have identified the critical path(s), we can crash activities along these path(s) one at a time. Crashing an activity means reducing its duration to the minimum possible time by allocating additional resources to it.

After crashing all possible activities, we need to re-calculate the total duration of the project. If there is any change in the critical path(s), then the number of critical paths may also change.

Activities that remain noncritical after crashing are those that have slack or float, meaning they can be delayed without affecting the overall project duration.

Whether the network is characterized as sensitive or insensitive depends on the number of critical paths after crashing. If there is only one critical path remaining, the network is considered sensitive. If there are multiple critical paths remaining, the network is considered insensitive.

To provide a specific answer to your question, I would need more information about the project network and the activities involved. Please provide the table of activities or any additional details so that I can assist you further in determining the number of critical paths and the nature of the network.

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Science is a special way of learning about the world through the use of systematic observation and _____.

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Science is a special way of learning about the world through the use of systematic observation and experimentation.

A study strategy known as experimentation involves purposefully manipulating one or more variables and then observing the results or effects on other variables. Controls are frequently used in experimental designs to monitor system variability and look for error sources.

When you experiment with a new hairstyle, for instance, you are doing so. When you utilize test tubes and chemicals in a lab to finish a project and attempt to comprehend chemical reactions, that is an example of an experiment. the act of carrying out a test like that; experimenting.

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Applied manufacturing overhead will most likely ______ actual manufacturing overhead.

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Applied manufacturing overhead will most likely not equal actual manufacturing overhead.

What is Applied Manufacturing Overhead?

Applied manufacturing overhead can be defined as the manufacturing overhead  that a company added to their to units  product .

On the other hand actual manufacturing overhead can be defined as  the amount of cost a company incurred during a production process.

Formula for applied manufacturing overhead is"

Applied manufacturing overhead=Overhead allocation rate ×number of hours worked

Therefore applied manufacturing overhead will most likely not equal actual manufacturing overhead.

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When may an insured deduct unreimbursed medical expenses paid under a long-term care policy?

Answers

When the expenses exceed a certain percentage of the insured's adjusted gross income.

What are deductible medical expenses?

Deductible medical costs may consist of, but are not limited to: fees that are paid to medical professionals such doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists, and alternative practitioners.

What is not considered a qualified medical expense?

The hospital insurance benefits tax is deducted from your paycheck and paid as part of your Social Security tax or your self-employment tax. giving a good infant nursing care. Your doctor advised you to travel for rest or a change of scenery.

Are LTC expenses tax deductible?

If certain conditions are met, unreimbursed long-term care costs may be written off as a medical expense. This covers allowable costs for personal care, nursing home, and assisted living services. The need for long-term care must first be justified medically.

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Discuss why it would be a bad idea for a technology startup to structure a board that consists entirely of directors who are either founders and insiders, or entirely outsiders

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Yes  it would be a bad idea for a technology startup to structure a board that consists entirely of directors who are either founders and insiders, or entirely outsiders

What is a technology start up?

Technology start up refers to initiating a particular methodology to process of accomplishing a task or producing a good. Technology requires ideas of professionals as well as the other people in the chain down to the end users

Reason why it is a bad idea to have the board structured with a particular group

it is better for a technology start up to have a blend of ideas from all the groups that is from both the founders or insiders, and entirely outsiders. Members of the board will end up bringing up ideas that will grow the technology.

Having a board of only founders will make them able to solve almost all the problem they are confronted with. However they may not be able tp perceive this problem while outsiders will perceive the problems that the technology will solve but will not have the required knowledge to solve them.'

Hence having both will give a blend of ideas that will help the technology grow with little or no limitations. aside knowledge and solving problems, start up capital may come from outsider who do not have the idea to start

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Which item, when purchased new, would have the lowest price elasticity of demand?

Answers

Socks would have the lowest price elasticity of demand when they are brand-new.

What is demand?

Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.

Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the price, such as a change in season.

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The securities and exchange commission was created by the government to protect investors and to maintain orderly and efficient markets. it is an example of a(n):________-

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The securities and exchange commission was created by the government to protect investors and to maintain orderly and efficient markets. it is an example of an United States Government Oversight Agency

Securities and Exchange Commission was set up in the year 1934 under the Securities Exchange Act . Its main aim is to protect securities market and investors .  It look after the law breakers and also the Justice Department . It look after the investors profit are they getting the material information or not , look after the economics and data analytics, maintain the standards for efficient markets.

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what do you mean by death rate​

Answers

Answer:

the percentage of death occurred in a given country or community

Answer:

The ratio between deaths and individuals in a specified population during a particular time period : the incidence of deaths in a given population during a defined time period (such as one year) that is typically expressed per 1000 or 100,000 individuals

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Easements vary greatly in the extent of ______ that they impose on the encumbered land.

Answers

Easements vary greatly in the extent of disruption that they impose on the encumbered land.

What is an easement?

The legal right to utilize another person's property is known as an easement. An easement may be required for a variety of reasons, including drainage, ingress, and egress. An easement may be necessary if a piece of property lacks access to a road.

When a piece of property has been utilized for up to 20 years by someone who is not the legal owner without the owner's permission or knowledge, a prescriptive easement is created.

In conclusion, easements vary greatly in the extent of disruption that they impose on the encumbered land.

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easements vary greatly in the extent of _____ that they impose on the encumbered land

- disruption

- duration

- legal standing

The sentences that explain, justify, or extend the topic sentence are referred to as the _____________ sentences.

Answers

The sentences that explain, justify, or extend the topic sentence are referred to as support sentences.

This is further explained below.

What are support sentences?

Generally,  The subject sentence of a paragraph introduces the central notion that will be developed further in the paragraph's supporting sentences.

When you are writing supporting sentences, you should include instances, arguments, or descriptions to support the statement that you have chosen to be the theme of your writing.

A paragraph will typically include anything from two to four supporting sentences.

The purpose of the paragraph's supporting sentences, which are often referred to as the body of the paragraph, is to support, explain, exemplify, or offer proof for the notion that is stated in the main sentence.

The topic sentence is the sentence that summarizes the overall point of the paragraph.

The main part of the paragraph. provides more explanation of the primary concept introduced in the subject phrase.

In conclusion, Support sentences are those that serve to explain, justify, or expand the meaning of the main sentence.

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Posted speed limits on curve advance warning signs recommend safe speed in _______ driving conditions.

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Posted speed limits on curve advance warning signs recommend safe speed in average driving conditions.

Speed limit can be referred to or considered as a limitation that a driver sets for his or her speed of the vehicle while driving on a road or any land surface as such.Before a speed limit is determined for a particular road, a study must be made of road surface, average amount of traffic, and any hidden dangers.

Speed limit is a determinant of multiple factors such as the surface of the road on which a vehicle is being driven; the traffic on the road as well as the hidden dangers that might arise. Therefore, the significance regarding speed limit has been aforementioned.

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During a conversation in latin america, people stand closer together than in northern europe or the united states. this is an example of cultural differences in ________.

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During a conversation in latin america, people stand closer together than in northern europe or the united states. this is an example of cultural differences in Perception of Space.

What is Perception of Space?

Perception of Space can be defined as the way in which people tend to be conscious of their own self space and the things around them.

Some  people tend to stand closer to themselves when communicating or interacting with each other than others from another culture this is called perception of space and this tend to occur due to cultural difference.

Therefore during a conversation in latin america, people stand closer together than in northern europe or the united states. this is an example of cultural differences in Perception of Space.

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If there is a waning gibbous moon visible in chicago that night in australia there will be a:________

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If there is a waning gibbous moon visible in Chicago that night in Australia there will be a waxing gibbous moon.

When the Moon is in the Waxing Gibbous phase, its illuminated area increases from 50.1% to 99.9%. Up till the Full Moon, it lasts from the time right after the First Quarter Moon. Gibbous refers to the oval to a circular shape, whereas waxing denotes that it is growing in size.

What is the moon made of?

Approximately 43% of the lunar surface is made up of oxygen, 20% of it is silicon, 19% is magnesium, 10% is iron, 3% is calcium, 3% is aluminum, 0.42% is chromium, 0.18% is titanium, and 0.12% is manganese. Traces of water that may have come from far beneath have been discovered by orbiting spacecraft on the lunar surface.

The Declining When the Moon is in its gibbous phase, its illuminated area decreases from 99.9% to 50.1%. It begins soon after the full moon and continues till the third quarter moon. In contrast to gibbous, which alludes to its oval to a circular shape, waning denotes a decreasing and enlarging.

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A(n) ________ is conducted in order to determine whether there are meaningful differences between two groups in a study. group of answer choices

Answers

Answer:

ANS :

statistical analysis.

In a ___________ design, each subject acts as both experimental and control subject.

Answers

In a within-subject design, each subject acts as both an experimental and control subject.

This is further explained below.

What is within-subject design?

Generally,  Within-subjects designs are also known as dependent groups or repeated measures designs due to the fact that they compare similar measurements from the same individuals in a variety of circumstances.

Within-subjects approaches are used in all longitudinal studies, which are designed to analyze changes that occur over time in the same persons.

A plan or specification for the building of an item or system or for the execution of an activity or process is what is known as a design.

A design may also refer to the output of such a plan or specification in the form of a prototype, product, or process.

The action of coming up with a design may be expressed via the verb "to design."

In conclusion, When doing research using a within-subject design, each participant serves as both an experimental and control subject at the same time.

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A landlord leases unit b. as long as the tenant who signed the lease (or that tenant's lawful spouse) lives there, who else must the landlord allow to occupy unit b?

Answers

Hire is a prison, binding contract outlining the terms beneath which one party consents to rent assets owned through another birthday celebration. It guarantees the tenant or lessee use of the property and guarantees the belongings proprietor or landlord ordinary bills for a specific length in exchange.

Lease agreements have a tendency to ultimate in 12-month durations for as much as five or ten years. apartment agreements are plenty shorter and commonly final most effective thirty days. it's also well worth noting that residential hire agreements generally use the term lease.

In leasing, you will need to pay a fixed quantity ( it will be 40-50 times that of the condominium amount). additionally, if a selected corporation requires an asset at some stage in the yr, then a lease is the exceptional alternative. but, if there is no such demand, then renting is the fine alternative.

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What is the consequence of an item not being assigned an item unique identification?

Answers

The consequence of an item not being assigned an item unique identification includes:

cannot gather valuable business intelligence throughout its life cycle.inappropriate spares ordered and installed during maintenance.the item may be misplaced or devalued during the life cycle.

What is an unique identification?

This refers to a numeric or alphanumeric string that is associated with a single entity within a given system. It make it possible to address that entity so that it can be accessed and interacted with.

As the easier infiltration of data and ability to reverse engineer an item" is the consequence of being assigned an item unique identification, however, the consequence of an item not being assigned an item unique identification includes cannot gather valuable business intelligence throughout its life cycle, inappropriate spares ordered and installed during maintenance and the item may be misplaced or devalued during the life cycle.

Therefore, the Option A,B,C is correct.

Missing option "a.cannot gather valuable business intelligence throughout its life cycle, b. inappropriate spares ordered and installed during maintenance, c. the item may be misplaced or devalued during the life cycle."

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What major contributor to the field of forensic science organized the first national crime lab?

Answers

Professor Edmund Locard is the  major contributor to the field of forensic science organized the first national crime lab.

What is forensics?

This is the term that is used to all of the ways that criminalists and other crime experts are able to unravel the complexities behind the people that have committed crime.

According to  Professor Edmund Locard those that commit crimes would always live behind traces that can be used to get that they were connected to a crime. Hence we can say hat  Professor Edmund Locard is the  major contributor to the field of forensic science organized the first national crime lab.

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After a spontaneous abortion at 5 months, a client is depressed and describes how the child would have looked and how bright he would have been. which grief pattern is the client demonstrating?

Answers

After a spontaneous abortion at 5 months, a client is depressed and describes how the child would have looked and how bright he would have been.

The client is showing symptoms of Post traumatic stress disorder. Hormones of ladies are worrisome when she is pregnant and it mixes when she either produces the baby or aborts it, the social stigma associated with Abortion has worsened the  case and has constantly told the women to bare the child irrespective of her actual state. The symptoms might also include Tearfulness, mood changes and so on.

This state is also termed as Post abortion syndrome.

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If someone is gathering primary sources for researching the culture of cherokee indians, which of these is least likely to be selected?

Answers

The correct answer is (A) The book The Cultural History of Cherokee Indians.

Since the individual in the question is looking for primary sources, he or she would not be consulting a book. A book is a secondary sources, which means that it is written by someone who did not experience what was described in the book.

(B) and (D) are clearly primary sources, since they are spoken communication from members and leaders of the Cherokee Indians, while (C) is also a primary source since the paintings were created by the Shawnee Cherokees.

Disclaimer: The question is incomplete. The correct question seem to be If someone is gathering primary sources for researching the culture of Cherokee Indians, which of these is LEAST LIKELY to be selected? A) the book The Cultural History of Cherokee Indians B) an interview with community elders of the Keetoowah Band of Cherokee Indians Eliminate C) an original painting of five Shawnee Cherokees created during their lifetimes D) audio recordings from meetings of the Superintendent of the Five Civilized Tribes Agency.

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Is this process batch or continuous? is it transient or steady-state before the vaporflow rate reachesits asymptotic limit? what about after it becomes constant?

Answers

An assortment of ingredients and a series of one or more production stages carried out in a predetermined order make up a process batch. Only once the required number of items have been generated in each batch will the processing of subsequent batches start.

The raw material is moved continuously through all stages of production to produce the finished good. Instead of waiting until the unit of product is finished, raw materials are continuously supplied into the process batch to create more units of product.

Continuous, also known as the non-stop production cycle, uses a continuous flow of raw materials to produce a continuous flow of output.

The food sector can operate effectively with process batch and continuous processing. Whether one is superior to the other depends on the product's maturity and the company's stage in the product development process.

For specialized products or sets of products with a wide range of uses, the batch method can offer better product traceability and improved product quality. The continuous process enables for larger-scale manufacturing in operations that create many units of a given product. Additionally, process batch may be followed by a set of steps, although the overall production flow may follow a continuous process, depending on the regulatory requirements and the equipment capabilities.

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Acme annuities recently offered an annuity that pays compounded monthly. what equal monthly deposit should be made into this annuity in order to have in years?

Answers

The equal amount of monthly deposit that should be made into the above annuity order to have $178,000 in 15 years is $712. See the explanation below.

What is the justification for the above answer?

Note that:

1 = Interest rate per period

= i0.042/12

= 0.0035

n = Total number of periods under scrutiny

this is given as 15 years

= 15 x 12

=180 months

f = Future Value

This is given as $ 178,000

and P = Monthly deposit required to be made every period.

F = P * [((1 + i)ⁿ - 1)/i]

⇒ 178000 = p * ((1 + 0.0035) ^180 - 1)/0.0035]

⇒ p = 711.5556

This is approximately equal to:

P  [tex]\approx[/tex] $712

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Full Question:

Acme Annuities recently offered an annuity that pays 4.2 % compounded monthly. What equal monthly deposit should be made into this annuity in order to have $178,000 in 15 ​years?

The legal document that is signed by the client that provides all relevant information about what information will be released and for what purpose is called a(n):________

Answers

According to the definition, the complete fargment would be:The legal document that is signed by the client that provides all relevant information about what information will be released and for what purpose is called a(n): Authorization to Release Information (option D).

What is an authorization?

Authorization is a term to refer to a document through which a permit is granted that empowers someone to carry out a certain action, that is, it allows an individual to do something that although it is prohibited for the common of people or for a particular situation, he/she can do it because he/she has that permit that is always issued by a competent authority in the matter in question.

According to the above, it can be inferred that a document in which a client signs accepting the publication of personal information for a specific purpose is an authorization to release information (option D), because the owner of the information (the client) is accepting the conditions of publication of that information by means of his signature.

Note: This question is incomplete because the options are missing. Here are the complete options:

a) Certification of Authorization.

b) Release Notification.

c) Permission to Limit Confidentiality.

d) Authorization to Release Information.

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