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What is the primary factor that determines how much economic value something has?
scarcity
Term for primary factor that determines the economic value something has?
scarcity
What is the definition for 'residual value'?
Residual value is the future value of a good after depreciation of its initial value. For example you bought a car for $20,000. After two years and 60,000 of mileage it will value of $10,000.
What is a primary factor that determines how much economic value somthing has?
Supply and demand. The higher the demand and the lower the supply, the higher the value.
What factor of production includes people with all their efforts abilities and skills?
value
What is the primary factor that may cause the residual value of a leased vehicle to be less than expected?
excessively high mileage
What is the primary factor that determines how much economic value something has?
scarcity
Term for primary factor that determines the economic value something has?
scarcity
What term is the primary factor that determines how much economic value something has?
scarcity
What is the definition for 'residual value'?
Residual value is the future value of a good after depreciation of its initial value. For example you bought a car for $20,000. After two years and 60,000 of mileage it will value of $10,000.
What is cost plus residual value?
Cost plus residual value is a method used to evaluate the worth of an asset based on both its original cost and its expected residual value at the end of its useful life. The residual value is the estimated value an asset will have at the end of its useful life, which is then added to the original cost to determine the total value or worth of the asset.
When is a residual negative?
The residual for a particular point in a regression is negative if the estimated or fitted value at that point is greater than the observed value.
Is residual value the same thing as salvage value?
yes
What is a primary factor that determines how much economic value somthing has?
Supply and demand. The higher the demand and the lower the supply, the higher the value.
Which is the residual value when x-2?
ItS 2
Which of these is not part of the information about tires?
residual value
Is not included on a typical tire?
Residual value
