what is the european union (eu)? multiple choice question. an area with high trade barriers a regional free-trade zone a high tariff zone a multilateral trade agreement

Answers

Answer 1

A regional free-trade zone is the european union.

What exactly does the EU stand for?United Kingdom. a group whose objective is to unify Europe so that people, products, and services may travel freely between its member nations. obligations to join the European Union. No death penalty, the same monetary system, one legislative body, and a secular government. EuroSix nations signed the agreement creating the European Economic Community (EEC) on January 1st, 1958, laying the groundwork for the European Union.A free trade area is a collection of nations without a unified trade policy toward non-members but with typically eliminated tariffs and non-tariff trade obstacles amongst its members. Examples of free trade regions include the European Free Trade Association (EFTA) and the North American Free Trade Agreement (NAFTA).

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Related Questions

What Is An Example Of Opportunity Cost In Your Life?

Answers

The idea of opportunity cost is presented in many situation in every day life. One example of this could be choosing to go to the movies with your friends instead of studying for a test that you have the next day. The opportunity cost is by choosing to go with your friends, you may lose valuable study time that could contribute to you getting a higher grade on the test.
Hope this helps. Please mark brainliest I need three more

Which of the following is not a non-tariff barrier?
a. voluntary export restraint
b. health and product standards
c. enviromental protection law
d. ad-valorem duties

Answers

The one that is not a non-tariff barrier is option D. ad-valorem duties

What is a tariff barriers?

Tariff barriers refers to a barrier to trade between particular countries or specific areas involving nations which occurs in the form of abnormally excessive taxes levied by a government on imports or occasionally exports for purposes of protection, support of the balance of payments, or the raising of revenue.

Tariff barriers is also considered to be several tariffs or duties imposed on foreign trade transactions to impose trade restrictions. From the available options, ad-valorem duty is tariff barrier, while the others are non-tariff barriers to trade.

Ad-valorem duty is imposed on import goods as percentage of the total value of goods imported.

Therefore, the correct answer is as given above

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last year, fullerton enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. during this same year, the cost of goods sold was $30 million. the company operates 50 weeks per year. what is their inventory turnover? turns (enter your response rounded to two decimal places.)

Answers

The $30 million cost of products sold. The business is open 50 weeks a year. The turnover of their inventory is 12.50.

What does the term "turnover" mean?

Accounting's idea of turnover demonstrates how quickly a corporation does business. The bills receivable and inventories ratios are the two most used approaches to determining an industry's turnover. The amount of a portfolio sold in a particular month or year is known as turnover in the investment world.

How is turnover rate determined?

The quantity of terminations within a given period is divided by the initial employee count to determine the turnover rate. If we have 250 people at the beginning of the year and 10 of them leave their jobs during that time, our turnover rate is 10/200, or 0.05.

Briefing:

Inventory turnover rate = cost of items sold / ( average inventory )

=(30)/(7.5)

=4.00

Weeks on hand = (week of operation)/ (inventory turnover rate)

=(50) / (4)

=12.50

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for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as , because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home. a. canada b. england c. australia d. japan

Answers

The correct answer is option D that is for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as, Japan.

This was because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home.

A deeper failure to eradicate or even fight a discriminatory culture that makes it practically impossible for women to progress a profession while raising a family is concealed by Japan's narrowly construed success in integrating women into the workforce.

With a bipolarization of working hours among female employees, the gender difference in Japan's workplace is still clearly visible, casting a fresh shadow over the country's economy's faltering expansion. Women are increasingly making up the workforce in Japan as a whole.

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what is the evidence that mark parker and nike understand the impact of environmental sustainability on nike's business practices

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The "Nike Sustainable Business + Innovation" program is one that Nike has. Nike is certain that it can bring about significant change through the strength of its brand, the enthusiasm and drive of its workforce, and the size of its business.

What is meant by the phrase "sustainable business"?

Sustainability in business refers to a company's plan to lessen the damaging environmental effects of its operations in a certain market. ESG metrics, which stand for environment, social, and governance, are frequently used to assess an organization's sustainability initiatives.

What is a sustainable business example?

Reducing the amount of garbage sent to landfills by composting is a sustainable business approach. Additionally, composting converts organic waste into fertilizer, which is advantageous for the environment.

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Which of the following would constitute other areas of specialization in real estate brokerage, other than residential sales?
A) commercial property sales B) industrial property sales C) Vacant land and lot sales D) all of these

Answers

What will constitute areas of specialization in real estate brokerage, other than residential sales are:

commercial property salesindustrial property salesVacant land and lot sales

The Option D is correct.

What does real estate brokerage mean?

To begin a home purchase or sale, buyers and sellers require a common platform. The same is true for landlords and tenants looking to rent out their properties. The real estate brokerage industry arose to serve as that common platform for all of the parties mentioned above. Traditionally, individual realtors or agents assisted buyers and sellers (or landlords and tenants) in contacting one another.

Later, as the housing market began to experience unprecedented growth following economic liberalisation in the 1990s, the business saw the emergence of mega brokerage firms. Today, there are many real estate brokerage firms that cater to the needs of buyers and sellers in various residential and rental properties.

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which of the following factors is not expected to generally have a favorable impact on the firm's cost of capital according to the text? a. easy access to international capital markets. b. high degree of international diversification. c. high exposure to exchange rate fluctuations. d. all of the above

Answers

According to the text, part of image to exchange rate swings is not anticipated to typically have a positive effect on the firm's capital cost.

What exactly is a market, then?

The entire number of buyers and sellers there in area or region under consideration is referred to as the market. The region might be the whole world, a nation, a state, or a city. The value, cost, and charge of traded goods depend on the market's supply and demand dynamics.

So what were the 4 different market types?

The four types of economic market structures are oligopoly, monopoly, perfect competition, and antitrust law. The followings explain why the categories are distinctive: In a situation of perfect and monopolistic competition, there are several producers.

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a company buys electronic components, assembles them into pcs, and then ships them to customers. in this case the electronic components are for the company. a.inputs b.processes c.products d.outputs e.services

Answers

A business purchases electronic parts put them together into computers, and then sends them to clients. In this instance, the company's inputs are the electronic components.

What is the name of the electronic component?

Other names for the same item include an electronic device, a circuit element, or an electronic component. a fundamental component, often a single package with two or more leads or metal contacts, of an electronic circuit

what are the types of electronic components available?

Diodes, resistors, transistors, capacitors, inductors, and resistors are some of the components that make it up. The components are linked together using conductive wires or traces. A circuit, however, can only be said to be finished if it forms a loop and begins and ends at the same location.

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kunio puts $2,200.00 into savings bonds that pay a simple interest rate of 2.4%. how much money will the bonds be worth at the end of 4 years?

Answers

The bond will reportedly be worth $2411.2 after 4 years, according to the question.

How do bonds work?

Governments and corporations issue bonds when they require to raise money. You are effectively borrowing the issuer money when you buy a bond. In return, they promise to pay periodic interest payments—typically twice a year—along the way as well as to reimburse you the full amount of the loan on the specified date.

Briefing-

Kunio puts $2200.00 into savings bonds means

P= 2200

pay a simple interest rate of 2.4% means

r= 2.4

t= 4

Formula for Simple interest =P*t*r/100

Simple interest (2200×2.4×4)/100

Simple interest= $211.2

So, A= P+ Simple interest

A= 2200+211.2= 2411.2

Hence bond will be worth $2411.2

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cross-border acquisitions are critical to u.s. firms competing internationally: a. if they are to develop differentiated products for markets served. b. if they wish to overcome entry barriers to international markets. c. where consolidated operations are beneficial. d. when market share growth is the focus.

Answers

Cross-border acquisitions are critical to US firms competing internationally: a. if they are to develop differentiated products for markets served (B) if they wish to overcome entry barriers international markets.

Why- For US firms who go in for cross border acquisitions, find such acquisition a relatively better prospect to overcome entry barriers in international markets. These acquisition offsets the political, regulatory and operational environment concerns for US firms who leverage the existing clout and capacities of acquired local business to further their product’s entry and share in international markets.

If they are to develop differentiated products for markets served- Differentiated products are easy to develop when a firm is in existence and competing in a international market. Thus first access to international market is necessary and then product differentiation will follow.

Where consolidated operations are beneficial - Before consolidating operations in international market, entry is required

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a car is purchased for . after each year, the resale value decreases by . what will the resale value be after years? use the calculator provided and round your answer to the nearest dollar.

Answers

A car is purchased for . after each year, the resale value decreases by, 24,000 in lost value making the car's value zero .

If it lost 20% of its value in the first year, it would have lost 100% of its value by the fifth year, making it worthless.

In the first year, 20/100*24000 equals $4,800.

The value will be after the first year.

Consequently, the value will be in five years.

4800*5= $24,000 in lost value making the car's value zero .

In an effort to shop more responsibly and find a new home for the things in their closet that they no longer want, consumers are turning more and more to secondhand and antique clothing, which has led to a huge rise in the demand of resale in recent years.

Your minor purchases from resale shops, such as a pair of jeans or a formal dress, have a significant influence on the environment. Buying used clothing enables you to carry on the memories of the deceased through your choices.

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The correct question is :

A car is purchased for $24,000 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years? Use the calculator provided and round your answer to the nearest dollar.

What would be the total cost of software F
over time?
$[?]
$6,000
Software E
Software F
$10,000
Satisfaction 75%.$0
Not Satisfied
Satisfaction,
Not Satisfied
25% $12,500
90%-$0
10% $5,000
Enter

Answers

The total cost of software F over time is - $3000.

The total cost of software E over time is $1,900.

Data and calculations:

Software cost F = 10,000

Satisfaction rate with F software = 75%

Cost of satisfaction level = 0

Dissatisfaction level cost = 12,500

Percentage of unsatisfied = 25%

The total cost of F software over time is - $3000 {($10,000 x $75% - $0) + ($10,000 x $25% - $12,500)}.

Software cost X = 6,000

Satisfaction rate with software X=90%

Cost of satisfaction level = 0

Dissatisfaction level cost = 5,000

Percentage of unsatisfied = 10%

The total cost of E software over time is $1,900 {($6,000 x 90% - $0) + ($6,000 x 10% - $5,000)

What is total cost?

Total cost refers to the amount of economic cost of production and consists of variable cost, which varies depending on the quantity of a good produced with inputs such as labor and raw materials, plus fixed cost, which is independent of the quantity of a good produced plus inputs that cannot be varied in the short term such as buildings and machinery, together with possibly sunk costs.

Therefore, the correct answer is as given above.

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consider the interaction between labor and capital within the production process and answer the following questions. how do economists refer to the amount of capital employed per worker?

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Because workers would be more productive, wages would increase. The amount of capital used per worker is described by economists as the interaction between labor and capital during the production process.

Who is referred to as an economist?

An economist is someone who researches human decision-making processes and is enthusiastic about using statistics to increase revenue, improve governmental policies, or conduct research.

Do economists earn a good living?

According to the BLS, the average yearly compensation for an economist is $116,020, which is more than double the average yearly wage for all occupations, $51,960. However, depending on the state you're in, the typical economist income can vary greatly from this.

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which of the following is not an argument made by critics of advertising? a. advertising impedes competition. b. advertising manipulates people's tastes. c. advertising increases the perception of product differentiation. d. advertising promotes economies of scale.

Answers

The effective use of these strategies depends on the recipient's state of mind, the position of the brand in the market, the type of information available, and the advertising context.

What are the arguments for advertising?The five main categories of arguments are framing, rhetorical, innoculative, comparison, and supportive. These tactics' efficacy depends on the recipient's mindset, the brand's position in the market, the sort of information accessible, and the advertising context.Many people criticise advertising because it frequently persuades individuals to buy things they don't need and makes deceptive claims about products.An advertisement critique essay's goal is to study and evaluate a certain advertisement. Because they need to have an introduction, multiple body paragraphs, and a conclusion, advertisement critique essays are relatively comparable to other types of essays.

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in her job interview, xiu asks about the company policy regarding smartphones. she is told that employees may choose from a limited list of approved devices but that she must pay for the device herself; however, the company will provide her with a monthly stipend. which type of enterprise deployment model does this company support?

Answers

Xiu inquires about the company's smartphone policy during her employment interview. She is informed that although there is a small list of authorized devices, employees are required to purchase their own devices and will get a monthly stipend from the employer. The business provides the enterprise deployment model known as CYOD.

Employees who choose the CYOD model can select from a small number of authorized, corporate-liable devices that have the pre-configured protection and management that IT requires to safeguard company data. As part of a CYOD policy, a firm will provide a variety of pre-approved mobile devices, and workers can choose one of them.

Before the worker chooses one of these devices, they are normally set up with security procedures and business apps. Depending on the CYOD policy, the user may purchase the gadget and own it immediately, or the business may provide employees with a stipend to help with expenses while preserving ownership.

Since it still gives employees some latitude in choosing their devices, CYOD is sometimes viewed as a compromise between BYOD and other restrictions.

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what type of fund would typically be used to account for a municipal bus operation where users are charged a fee to ride the bus, and the fees collected are used to pay for the daily operation?

Answers

The type of fund typically used by a municipal bus operation where users pay a fee to operate the bus and the fees collected are used to pay for the day-to-day operation is a General Fund.

What is a General Fund?

A general fund is a primary fund used by a government agency. This fund is used to record all inflows and outflows of resources that are not related to special funds. The activities funded by the general fund constitute the central administrative and operational tasks of the governing body. Since the majority of all resources go through the general fund, it is vital to keep its expenses in check.

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a formal access control methodology used to assign a level of confidentiality to an information asset and thus restrict the number of people who can access it is known as a(n) .

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Assigning a level of secrecy to an information asset and limiting access by using a formal access control approach is known as Data Classification Scheme.

What is access control?

Access control is the process of restricting access to resources within a system, such as a computer network, based on user identity, roles, and other factors. Access control systems typically use authentication methods, including passwords, smart cards, tokens, biometrics, and other forms of verification, to ensure that only authorized users can access the resources they are trying to access.

Data classification schemes are important because they allow organizations to control access to sensitive information and ensure that only authorized personnel have access to sensitive data. This helps protect the organization from data breaches, cyber attacks, and other malicious activities. By assigning a confidentiality level to an information asset, organizations are able to control who can access the asset and what actions can be taken with it. This helps to ensure that only those with the proper authorization can access the data and that any unauthorized access or use of the data will be minimized.

Therefore, Data Classification Scheme is the answer.

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mystic laboratories reported total assets of $10,500,000 and noncurrent assets of $2,167,000. the company also reported a current ratio of 1.3. what amount of current liabilities did the company report?

Answers

Current Liabilites = $2,777,667

What is Liability?

A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic advantages like money, products, or services, liabilities are eventually satisfied.

Total assets of $10,500,000

Less: Noncurrent assets $2,167,000

Current Assets = $8,333,000

Current ratio of 1.3 = Current Assets / Current Liablities

Current Liabilites = 8,333,000 / 1.3

= $2,777,667

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What revenue stream can run into the billions of dollars for some professional sports teams?

Answers

Due to the high demand for sponsorships, sports and entertainment companies have unlimited control and can maximize the value of a sponsor by making repeated offers to increase the price.

What is sport? What purpose does it serve?Sports teach people the following things: Working as a team to accomplish a common goal while putting aside personal interests is known as teamwork. Leadership potential Orient several people with diverse backgrounds toward a common goal or objective. A strong leader encourages others to assume leadership positions.Due to the high demand for sponsorships, businesses in the sports and entertainment sectors have complete control and can increase the value of a sponsor by making repeated offers to increase the price.

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when analysts develop feasible projections of future events and how quickly they will occur based on observed changes and trends, they are engaged in:

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When analysts develop feasible projections of future events and how quickly they will occur based on observed changes and trends, they are engaged in forecasting.

Which section of an external study addresses population age and income issues?

The study of a population based on characteristics like age, race, and sex is known as demographic analysis. Socioeconomic information expressed statistically, such as employment, education, income, marriage rates, birth and death rates, and more, is referred to as demographic data.

What does management environmental analysis entail?

A strategic technique for identifying and evaluating the internal and external components of a corporate environment is an environmental analysis, often known as an environmental scan. It looks at organizational and sectoral elements that could either help or hurt the company.

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if at the end of the first year the yield curve flattens out to 8%, what will the 1-year holding-period return on the coupon bond?

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If at the end of the first year the yield curve flattens out to 8%, then 1-year holding-period return on the coupon bond will be 5.16%.

A coupon is the interest payment a bondholder receives from the bond's issuing date to its maturity date. Ordinarily, the "coupon rate," which is determined by summing the total annual coupon payments and dividing the result by the bond's face value, is used to characterise coupons.

The name "coupon" derives from the fact that previously, bonds were issued as bearer certificates. The certificate itself served as confirmation of ownership. A talon, which could be removed from the certificate and delivered in return for a block of additional coupons, was frequently also included.

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if a taxpayer fills out their w-4 in a way that does not withhold enough money to cover their tax obligation, what is the most likely outcome after they file their taxes?

Answers

If a taxpayer fills out their W-4 in a way that does not withhold enough money to cover their tax obligation, they may end up owing money when they file their taxes.

What is a taxpayer?

Generally, This can happen if the taxpayer did not have enough tax withheld from their paychecks during the year or if they received additional income that was not subject to withholding, such as self-employment income or income from renting out a property.

If taxpayer owes money when they file their taxes, they will need to pay the amount due by the tax filing deadline, which is typically April 15th of the following year. If the taxpayer is unable to pay the full amount due, they may be able to set up a payment plan with the IRS to pay the balance over time. However, interest and penalties may accrue on the unpaid balance.

It is important for taxpayers to make sure that they are having enough tax withheld from their paychecks throughout the year. This can help to avoid the possibility of owing money when they file their taxes and can also help to avoid underpayment penalties.

Taxpayers can use the IRS's Withholding Calculator to help determine the appropriate amount of tax to have withheld from their paychecks.

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corporate financial managers use interest rate futures to treduce the risk of loss from a change in interest rates true of false

Answers

Interest rate futures are a tool used by business finance managers to lower the risk of losing money when interest rates change. This assertion is accurate.

How might management lower the risk associated with interest rates?

By purchasing bonds with varying durations, as well as by hedging fixed-income investments using interest rate swaps, options, or other interest rate derivatives, interest rate risk can be mitigated.

What are interest rate futures used for?

Interest rate futures are used to hedge bond portfolios or interest rates as well as for speculative purposes. Interest rate futures can be used by hedgers to lessen the impact of a negative movement in bond prices and rates as well as by speculators to wager on the direction of rate movements.

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which definition describes the portuguese caravel? a navigational aid a three-masted sailing ship a kind of cannon a trade agreement

Answers

The Portuguese utilized the caravel, a tiny, nimble sailing vessel, to explore the Atlantic Ocean and the coast of West Africa in the 15th century.

What is an example of a trade agreement?

The North American Free Trade Agreement (NAFTA), Central American Free Trade Agreement (CAFTA-DR), European Union (EU), and Asia-Pacific Economic Cooperation are a few examples of regional trade accords (APEC).

What does a trade deal serve?

A free trade agreement is a deal reached between two or more countries to lower import and export restrictions. Under a free trade policy, there are little to no government tariffs, quotas, subsidies, or bans that prevent the exchange of products and services across borders.

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automatic stabilizers lead to changes in taxation and government spending as economic output varies. how do automatic stabilizers impact tax revenue and government spending during a recession? tax revenue will decrease and government spending will go up. suppose that the government is required to balance the budget. which is an appropriate discretionary approach during a recession, and what effect would it have to the economy? cut taxes to encourage consumer spending, which would minimize the effects of the recession. invest in public infrastructure that promotes employment and stimulates the economy. cut government spending to equal tax revenue, possibly magnifying the effects of a recession. increase government spending to stimulate the economy, causing an increase in overall aggregate demand.

Answers

Automatic stabilizers are mechanisms in the economy that automatically adjust fiscal policy (taxation and government spending) in response to changes in economic output.

During a recession, when economic output decreases, automatic stabilizers lead to a decrease in tax revenue and an increase in government spending.

The first option you provided, "cut taxes to encourage consumer spending, which would minimize the effects of the recession," is an example of discretionary fiscal policy, which refers to conscious decisions made by the government to alter fiscal policy in order to influence economic activity.

The second option you provided, "invest in public infrastructure that promotes employment and stimulates the economy," is also an example of discretionary fiscal policy.

The third option you provided, "cut government spending to equal tax revenue, possibly magnifying the effects of a recession," is not an appropriate discretionary approach during a recession, as it could potentially magnify the negative effects of the recession by reducing overall aggregate demand.

The fourth option you provided, "increase government spending to stimulate the economy, causing an increase in overall aggregate demand," is an appropriate discretionary approach during a recession, as it can help to stimulate the economy by increasing overall aggregate demand and potentially offsetting the negative effects of the recession.

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an activity ratio that measures how many times the inventory is turned over to meet the total sales figure is called the inventory turnover. a. true b. false

Answers

Inventory turnover True is an activity ratio that gauges how frequently inventory is changed to match overall sales volume.

What is the inventory turnover ratio quillet's formula?

Measures the frequency with which inventory is purchased, sold, or used over a time period; represented as: Cost of Goods Sold divided by Average Inventory equals Inventory Turnover.

What class of ratios gauges a company's capacity to fulfill its immediate obligations?

The ability of a company to satisfy its short-term financial obligations is revealed by liquidity ratios. They are especially valuable to those providing the company with short-term loans. The current ratio (also known as the working capital ratio) and the quick ratio are two commonly utilized liquidity ratios.

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acorn corporation is considering a project with an initial cash outlay of​ $50,000 and expected​ after-tax inflows of​ $20,000, $40,000 and​ $6,000 over the​ three-year life of the​ project, respectively. is​ 13% the irr of this​ project?

Answers

IRR is $5313.28,IRR is helpful in instances where it is challenging to calculate a discount rate or when evaluating several projects side by side.

IRR is sometimes preferred over NPV, when?

IRR is helpful in instances where it is challenging to calculate a discount rate or when evaluating several projects side by side. When there are several discount rates or different future cash flow directions, the NPV is preferable.

IRR can be calculated manually by following these steps: Identify two potential discount rates. Pick two discount rates that you'll employ before you start your calculations. Be sure to figure out the net present values. Using the two values you choose in step one, figure out the net present values based on each estimation. Make an IRR calculation.

Top response, we calculate IRR at NPV=0 as 20000/1.13 + 40000/1.13 + 6000/1.13 = $5313.28.

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which of the following is a complex sentence? question 41 options: a) visit our website to learn more about our newest product line. b) the conference will be held on monday, but few managers will be able to attend. c) employers are now using social media sites to screen applicants; therefore, job seekers are advised to clean up their digital presence. d) because of rising insurance premiums, many companies are offering employee-wellness incentives.

Answers

Option D) Numerous businesses are providing incentives for employee wellness due to growing insurance prices. In the available possibilities, it is a difficult sentence.

What terms are used in complicated sentences?

A complicated phrase is created by linking one or more dependent subordinate clauses to the independent main clause using relative pronouns and/or conjunctions. Short phrases make up a clause. Simple sentences have one clause alone.

What is the number of difficult sentences?

Three categories of complicated sentences exist: Adverbial phrases: These serve as adverbs and can indicate a variety of connections between the sentence's components. Noun phrases Since they serve as nouns, they can serve as subjects or objects in sentences.

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strategy is an integrated and coordinated set of commitments and actions to develop core competencies and gain a competitive advantage. b. core competencies are resources and capabilities that can be developed through r

Answers

The goal of company strategy is to create core skills and acquire a competitive advantage. A coordinated and integrated set of promises and actions is a strategy. If a resource or skill is precious, uncommon, expensive to duplicate, and non-replaceable, it qualifies as a core competency.

What is strategy and example?

A company's strategy refers to its long-term goals as well as the strategy it has in place to reach those goals. In other terms, it serves as an example of the plan used to accomplish the stated objective. A tactic is a specific action that is carried out in order to achieve the goals set forth in the strategy. All common elements of strategy include establishing objectives and goals, selecting actions to achieve the goals, then allocating to carry out the tasks.

Why is strategy very important?

Our business's purpose is defined and given a set of values by our strategy. It facilitates our comprehension of what true success implies. It offers a route for our company, outlines our destination, and recommends helpful rest stops along the way. The secret to determining the most crucial components of a strategic plan is to select goals and objectives that maximize your potential while minimizing resource usage and risk.

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sophia and victoria spend their day at a daycare center while their mother goes to work. picking up her children after 6:30 results in a late fee of $7 per child for every 10 minutes the mother is late. due to traffic, the mother expects to be 20 minutes late. how much would she be willing to pay for a toll road that would get her to the daycare center on time? any price less than $7. any price less than $14. any price less than $28. she would not be willing to pay out of pocket to avoid traffic.

Answers

Sophia and victoria spent their day at the daycare center while their mother was away at work. Picking her children past 6:30 would cause a late fee of $7 per child for every 10 mins. The mother expects to be 20 mins late due to traffic so in this case, the mother will pay any price less than $28. Option C is right.

Mother anticipates arriving 10 minutes late.

$7 is the late fee per child for every 10 minutes.

Being 20 minutes late will therefore cost you $20 ($7x2) + ($7x2) = $28.

The $28 hedge cost would be the only thing needed to cover the entire cost of the road.

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