how can exchange rates change to reduce the wage differential between countries​

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Answer 1

Answer:

The exchange rate is the value for which one currency can be exchanged for another. Thus, for example, 20 Mexican pesos are needed to acquire an American dollar.

Technically, it could happen that a country changes its exchange rate with respect to a hard currency (such as the Dollar or the Euro) through fixed exchange rates, in order to increase the value of the salaries of its citizens, measured in international currencies. For example, if the Mexican government fixed a parity between the dollar and the peso of value 1 to 1, the minimum wage of Mexicans would go from being worth $ 215 to multiplying by 20, that is, to $ 4,300.

Now, in practice, this situation is practically impossible, since it would imply a monetary modification in the country that makes the adjustment, since otherwise it would imply an unprecedented inflationary peak.


Related Questions

What are the different types of banks?

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The banks you probably know the best are retail banks. Commercial banks prioritise serving business clients. Investment banks assist companies in obtaining funding in the financial markets.

A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. The bank may engage in lending activities directly or indirectly through the capital markets. Because banks are crucial to the financial stability and economic health of a nation, they are subject to intense regulation in most countries. The majority of nations have institutionalised the fractional reserve banking system, in which banks keep liquid assets that are only partially equivalent to their current obligations. Banks are often subject to minimum capital requirements based on an international set of capital rules, the Basel Accords, in addition to additional restrictions meant to maintain liquidity.

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the phenomenon of free riding is most closely associated with which type of good? a. club goods b. private goods c. public goods d. inferior goods

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C) Public goods are most closely associated with the phenomenon of free riding.

What is the phenomenon known as a free rider?

The burden placed on a shared resource by people who aren't paying their fair share for it or who aren't paying anything at all is known as the free rider problem. The problem of free riders can affect any community, no matter how big or small.

With public goods, why is there a problem with free riders?

Due to the two characteristics of a public good, a free rider problem frequently arises with public goods: Non-rival: The good or service is still available to other people even if only one person uses it. Non-excludable: Keeping different shoppers from consuming the great or service is unimaginable.

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What is a good sentence for birth?

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Twins were born to her. "Let's make the baby's birth public." "We are looking forward to the arrival of our daughter." "My mum was present when our first child was born."

A birth is the moment a child exits its mother's body and enters the world. The system has undergone substantial fine-tuning since 1837, and occasionally new laws and regulations have been enacted. Birth registration wasn't mandatory until 1874, despite the fact that civil registration had been started in 1837. The country of birth is the one in which birth actually takes place, while the USA is the nationality for US citizens born abroad who are given US citizenship at birth. The name of the location where  person was born is their place of birth. The location is indicated by the geographic limits in force at the time.

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Twins were born to her. "Let's make the baby's birth public." "We are looking forward to the arrival of our daughter." "My mum was present when our first child was born."

A birth is the moment a child exits its mother's body and enters the world. The system has undergone substantial fine-tuning since 1837, and occasionally new laws and regulations have been enacted. Birth registration wasn't mandatory until 1874, despite the fact that civil registration had been started in 1837. The country of birth is the one in which birth actually takes place, while the USA is the nationality for US citizens born abroad who are given US citizenship at birth. The name of the location where  person was born is their place of birth. The location is indicated by the geographic limits in force at the time.

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How can migrating to an enterprise platform solution help a business improve employee productivity?

by allowing all employees to access and share the same stored data faster

by increasing the number of employees in a business function

by adding complexity to each employee’s daily workload

by freeing up employee’s time to focus on core business activities

Answers

The migrating to an enterprise platform solution help a business improve employee productivity by allowing all employees to access and share the same stored data faster. Thus option (A) is correct.

What is data?

The data is the processed form of raw information, more specifically it has facts, figures, measurements and amounts that is gathered for analysis or reference. So that a conclusion can be drawn in a proper way.

The data, especially facts or numbers, collected to be examined and considered and used to help decision-making, and the data can be stored in an electronic form in the database and used by a computer in the future.

Like a data governance system is effective if anyone can access the data when they need it.

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price competition occurs when a seller emphasizes the

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Price competition highlights the primary product difference as price. Prices regularly change, and merchants aggressively compete for customers' business.

What is the Price Competition?

Price competition is "commercial rivalry characterized by persistently lowering prices below those of rivals." When one rival lowers its price, others follow suit and do the same. A new round of price cuts will begin if any of them lowers their prices once more.

Price competition refers to the scenario in which businesses attempt to undercut the cost of comparable goods and services offered by rival businesses: Margin reductions are the outcome of fierce price rivalry in mind as well as large-sized markets.

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which nims management characteristic follows established processes for gathering analyzing assessing

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Sports activities and other organized events can be accommodated using NIMS Components. 33. EOCs can be permanent structures, movable structures, or virtual structures with staff members collaborating remotely.

Which of the following NIMS Management Characteristics involves written records that explain incident goals, strategies, and assignments for operations and support? Resource inventorying in NIMS refers to preparatory actions taken apart from incident reaction. Weegy: The Department of Homeland Security created the National Incident Management System (NIMS), a standardized method to incident management. (More) Interoperability across various organizations is supported by the NIMS standardized guiding concept. It has been determined that this response is accurate and valuable.

B. Intelligence and Information Data collection, analysis, assessment, sharing, and management are all done according to set procedures by management. The foundation of the national incident management system.

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What it means for an organisation to be an integral part of society?

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Organizations play a crucial role in society by bringing people together to work toward a common objective. It results in the distribution and wise use of resources, connecting millions of individuals to them either directly or indirectly.

In order to raise the caliber of the goods and services offered, it fosters employment possibilities and preserves competitiveness in each industry. It keeps the money moving through the market. Business is essential to modern civilization. This is due to the fact that business raises people's standards of living by offering better-quality, a wide range of goods, and services at the appropriate time and location. Additionally, company offers chances to work and support oneself.

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which of these situations produces the largest profits for oligopolists? group of answer choices the firms reach a nash equilibrium. the firms reach the monopoly outcome. the firms reach the competitive outcome. the firms produce a quantity of output that lies between the competitive outcome and the monopoly outcome.

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The situations produces the largest profits for oligopolis is the firms reach the monopoly outcome.

What is  Monopoly outcome?When there is only one producer and several consumers, a monopoly is present. Monopolies are defined by a lack of feasible substitute products and a lack of economic rivalry to manufacture the good or service. As a result, the price of a good is controlled by a single producer; in other words, the producer is a price maker who may control the price level by deciding how much of a good to create. The majority of public utility firms are monopolies.For instance, it is wasteful to have multiple providers of electricity because it costs so much to install power lines. Customers have few options because there are no reliable alternatives for the distribution of electricity. 

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Who benefited from NAFTA?

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Answer:

The U.S, Canada, and Mexico

in the discounted cash flow model (aka. dividend valuation model) for cost of equity, if an asset has no expected dividend, its expected return would be best described as the

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A method of valuation known as "discounted cash flow" (DCF) establishes the value of an investment based on its anticipated future cash flows.

Uses of discounted cash flow:DCF analysis aims to assess the value of an investment today by using projections of how much money an investment will generate in the future.It can aid those who are trying to decide whether to purchase securities or a firm. Business owners and managers can use discounted cash flow analysis to help them make decisions about operational and capital budgets.The value of an investment is ascertained using discounted cash flow analysis using the investment's projected cash flows.The projected discount rate is used to calculate the present value of anticipated future cash flows.If the DCF is more than the investment's current cost, the opportunity may yield profits and be worthwhile.Because it takes into consideration the rate of return anticipated by shareholders, businesses frequently utilize the weighted average cost of capital (WACC) as the discount rate.The fact that DCF relies on potentially erroneous future cash flow projections is a drawback.

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What are the other measures of economic performance and what do they measure?

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Economic indicators include measurements of macroeconomic stability and performance, such as gross domestic product (GDP), consumption, investment, and international trade (central government budgets, prices, the money supply, and the balance of payments).

The production, distribution, and consumption of goods and services are all topics covered by the social science of economics. Economics focuses on both the functioning of economies and the actions and interactions of economic players. The study of microeconomics focuses on what are seen as the core elements of the economy, including market and agent behavior as well as the interactions that arise from those behaviors. Individual agents can represent households, businesses, buyers, and sellers, to name a few. Macroeconomics is the study of the economy as a system in which production, consumption, saving, and investment coexist. It also examines the factors that affect this system, such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an impact on these elements.

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Economic indicators include measurements of macroeconomic stability and performance, such as gross domestic product (GDP), consumption, investment, and international trade (central government budgets, prices, the money supply, and the balance of payments).

The production, distribution, and consumption of goods and services are all topics covered by the social science of economics. Economics focuses on both the functioning of economies and the actions and interactions of economic players. The study of microeconomics focuses on what are seen as the core elements of the economy, including market and agent behavior as well as the interactions that arise from those behaviors. Individual agents can represent households, businesses, buyers, and sellers, to name a few. Macroeconomics is the study of the economy as a system in which production, consumption, saving, and investment coexist. It also examines the factors that affect this system, such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an impact on these elements.

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What are the different types of account types?

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The three major different types of accounts are Personal Accounts, Real Accounts, and Nominal Accounts.

In the field of business, personal account can be described as a type of account that is made for a person's own needs.

On the other hand, a real account deals with business purposes. A real account is such a type of account that is made for businesses purposes and it is not used for any personal payments and hence is different from a personal account.

Nominal accounts are the type of accounts that represent are used for viewing the financial transactions of a particular person or business.

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Which among the following processes is most important part of product development?

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One of the most important stages of product development is idea generation, which comprises brainstorming solutions to problems that already exist among customers.

What is product development?

Product development is a challenging yet interesting process. There is never a repeat process for a product introduction, from the first idea to the research and development. To assist you get started with the product development process, there is a common procedure. The six steps that must be completed for a product to get from initial concept to final market launch are outlined in the product development process. Finding a market need, studying the competition, coming up with ideas for a solution, creating a product roadmap, and creating a minimal viable product are all part of this (MVP). The product development process has changed recently and is now often employed, with each step being broken down into six different phases. As a result, the process is better organized, and each deliverable is divided into smaller jobs.

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What are the 10 benefits of insurance?

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These are 10 benefits of insurance which include different types of insurance: restoration of lost income after years of wages, elimination of your mortgage.

Some more are:

settling other debts, including credit card, student, and auto loansfinancing your children's college educationassisting with other responsibilities, such as taking care of elderly parentsUsually, less expensiveand easier to comprehend because it is only an insurance productFind out before you buy whether it can be converted to a whole-life policy.You won't lose anything more than the already-paid premiums if you decide you no longer need it or can't afford coverage.Contains a crucial saving component called cash value that you can borrow against or withdraw from.

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theodore purchased a vintage painting worth $480 from an art dealer. the dealer estimated that the value of the painting will increase by 12 percent per year. if the art dealer is correct and theodore sells the painting in 15 years, how much should he ask for it? explain.

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The painting's value will increase by 12% per year. If Theodore decides to sell this same painting throughout 15 years, he must tell $ 1080 for it.

Who is referred to as a dealer?

Dealers are individuals or businesses who purchase and sell securities on their own behalf, whether thru a real estate agent or otherwise. A dealer trades on its own account as compared to a broker, who behaves as an agent and implements commands on behalf of their customers.

What does the term "dealer" mean in business?

A dealer is a person who buys an item for their company, stocks it, and then sells it off the shelf. They act as a go-between for the distributor as well as the customer.

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A company using a team of people from marketing, human resources, and operations to develop a new service offering is
A. practicing cross-functional decision making. B. supporting functional silo development. C. better off allowing marketing to design the new service. D. none of the above
Key elements/events that should be monitored in the firm's external environment include all of the following except:
A. political events B. economic events C. social trends D. customer preference E. all of them should be monitored
Challenges facing operations and supply chain managers signify that
A. More emphasis should be placed in manufacturing than in service industries B. Operations decisions should precede decisions in other functions in an organization C. Every operation should be externally directed to meet the customers' requirements D. In be competitive, strategies for operations should have a narrow focus such as consideration of effects of industry changes only

Answers

A company using a team of people from marketing, human resources, and operations to develop a new service offering is practicing cross-functional decision making

cross-functional decision-making when a team is formed with a representative from each functional department. Together, they coordinate, take part in, and provide input at the many phases, resulting in the production and release of a better product. For this cross-functional team, it's crucial to establish goals, resolve disagreements quickly, and offer managerial assistance. We refer to the decision-making procedure when each cross-functional team member makes each important choice exactly once, in a preset order.

Although more discussion among the members of the cross-functional team may be required Because the goods are typically either too complex or time-sensitive to engage in talks, ordering the team members to make decisions is helpful in enhancing the solution.

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Explicit costs Multiple Choice
O Include only payments to labor.
O Are the dollar payments made for the use of resources.
O Include the market value of all resources used to produce a good.
O Are the total value of resources used to produce a good but for which no monetary payment is made.

Answers

Explicit costs Include the market  value of all resources used to produce a good.

Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. They have specific monetary values that are carried over to the income statement. Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs.

When developing long-term strategic goals for a business or just gauging its profitability, explicit cost might be useful. Understanding how this metric differs from implicit costs will help you comprehend, define, and determine the overall economic cost.

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a portfolio that has 15 - 20 percent invested in stock would be indicative of a(n) portfolio. a. aggressive b. bond c. cash d. conservative e. very aggressive

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d. A portfolio that has 15 - 20 percent invested in stock would be indicative of a conservative portfolio.

A conservative portfolio is one that is focused on preserving capital rather than seeking to maximize returns. A conservative portfolio typically allocates 15-20% of its assets to stocks, with the remainder allocated to more conservative investments such as bonds, cash, and other fixed-income securities.

The risk associated with stocks is seen as too great for a conservative portfolio, so it is allocated a smaller portion of the portfolio. Stocks are seen as riskier because their prices can fluctuate more significantly than the more stable investments found in a conservative portfolio.

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which of the following questions could not be answered from the statement of cash flows? multiple choice question. what are the earnings-per-share of common stock? can the company pay its debts? where does a company spend its cash? does the company have the resources to pursue opportunities?

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The following questions could not be answered from the statement of cash flows  is the what are the earnings-per-share of common stock.

What is a statement of cash flows?

In accounting, a statement of cash flows refers to a financial statement that provides an aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources.

This statement also includes all cash outflows that pay for business activities and investments during a given period.

It breaks down analysis to investing, operating and financing events.  It covers up current operating results and accompanying changes in the statement of financial position or balance sheet.

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the daily demand for a particular item at a hardware store is normally distributed, with an average of 200 and a standard deviation of 12 units. the store manager is willing to accept a 9% risk of stockout during the lead time, which is constant at 5 days. write your final answer only (without intermediate steps) for the fill-in-the-blank questions.

Answers

The shop manager's desired service level is 91%

What is Lead time?

The delay between the start of a procedure and its conclusion is known as a lead time. For instance, the lead time from placing an order and receiving a new automobile from a certain manufacturer might range from 2 weeks to 6 months, based on a variety of specifics.

Lead time is the time of time from the beginning of a procedure to its completion. In the pre-processing, processed, and post-processing stages of the manufacturing, supply chain, and management processes, businesses evaluate lead times. The delay here between start of a procedure andits conclusion is known as a lead time.

The shop manager's desired service level is computed as follows:

R = Stock out risk = 9 %

SL = Service Level = 1 - R

    = 100 - 9

    = 91%

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What are 3 skills that are important for a successful group discussion?

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Verbal communication, nonverbal behavior, conformity to norms, decision-making capacity, and cooperation are the components that make up a GD. You should try to be as true to these aspects as you can.

What are the three Cs of group conversation?

Clarity (the main points to be discussed), content (the vertical depth in each point), and confidence are the three "Cs" that rank you highly on this parameter.

Which three kinds of group discussion are there?

The following subcategories can be added to the topic-based Group Discussion: Dubious Themes. Subjects based on knowledge Topics in a nutshell.

What is the most critical component of a productive discussion?

Learning the art of participation is the first and most important advice for achieving success in a group discussion. You shouldn't expect other people to make you speak. Take charge, contribute to the discussion, and share your thoughts with the group. In a group discussion, you should never shout and always wait for your turn to speak.

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1. refers to a strong emotional bond employees have to their organization that makes them feel actively involved and committed to their work. a. Employee involvement b. Employee (workforce) engagement c. Workforce management d. Job enrichment 2. refers to any activity by which employees participate in work-related decisions and improvement activities, with the objectives of tapping the creative energies of all employees and improving their motivation. a. Employee involvement b. Employee engagement c. Workforce management d. Job enrichment 3._represents the highest level of engagement. a. Employee participation b. Enlargement c. Enrichment d. Empowerment 4. refers to giving people authority to do whatever is necessary to satisfy customers, and trusting employees to make the right choices without waiting for management approval. a. Employee involvement b. Engagement c. Empowerment d. Job rotation

Answers

Employee involvement is the process of allowing employees to give their opinion on decisions that affect their work. This could be done through company meetings, committees, and so on. Employees have more control over their work and workplace when they participate in decision-making.Employee involvement is the process of allowing employees to give their opinion on decisions that affect their work. This could be done through company meetings, committees, and so on. Employees have more control over their work and workplace when they participate in decision-making.

Employee engagement Is the involvement and enthusiasm of employees in their work and workplace. Employee engagement helps you measure and manage employees' perspectives on the crucial elements of your workplace culture.

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A new iPod costs $175 on the installment plan. You must make a down payment of $25 and make payments for 15 months. What will your monthly payment be?

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If A new iPod costs $175 on the installment plan. You must make a down payment of $25 and make payments for 15 months. your monthly payment is $10.

How to find the monthly payment?

First step is to find the down payment

Down payment = Cost price - down payment

Down payment = $175 - $25

Down payment = $150

Second step is to find the monthly payment

Monthly payment = $150/ 15 months

Monthly payment = $10

Therefore the monthly payment is $10.

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Why is it important to contact customer support of your p2p app or service if you feel you have been scammed?

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It is important to contact customer support of your p2p app or service if you feel you have been scammed because they may be able to remove the scammer from the P2P app or service.

Peer-to-peer (P2P) systems are autonomous portals which would let two people speak with one another directly all without aid of a third party. Alternatively, every buyer and seller carry out their financial business through all the P2P service. The Peer to peer platform might provide services like research, vetting, rating, indemnification, and payment processing.

Regardless of the common misconception that P2P services are only available online, this is not the case anymore. Peer-to-peer programs cover a wide range of actions, from straightforward buying and selling to those that are thought to be a part of the collaborative economy.

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An investor has an account with stock from two different companies. Last year, his stock in company a was worth $4300 and his stock in company b was worth $3040. The stock in company a has decreased 3% since last year and the stock in company b has decreased 20%. What was the total percentage decrease in the investor's stock account? round your answer to the nearest tenth (if necessary).

Answers

The decrease in stock is 10.04%.

Given that last year stock for company a was $4300

The stock for company B last year was worth $3040

Stock in company A decreased by 3%

This means the new value of stock for company A became;

(100-3)/100 *$4300

97/100*$4300

=$4171

Stock in company B decreased by 20%

This means the new value of stock for company B became;

(100-20)/100 *$3040

80/100*$3510

=$2432

Original investors stock value was = $4300+$3040 =$7340

New investors stock value is = $4171+$2432=$6603

Decrease in value of stock = $7340-$6603 =$737

percentage decrease in stock value = decrease in stock/original value of stock *100%

=737/7340 *100 =10.04%

=10.04%

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What do you call the process of making a new product to be sold to the customers?

Answers

The process of launching new goods or services on the market is known as commercialization.

Briefing:-

Production, distribution, marketing, sales, customer support, and other crucial tasks essential to the commercial success of the new good or service are included in the broader act of commercialization.

What do you refer to the creation of a new product as?

You should say "product development." Explanation: Making a new product to sell to clients is done through the new product development process.

What is the procedure for developing new goods or services that businesses can sell?

The stages of the product development process are ideation, research, planning, prototype, sourcing, costing, and commercialization, albeit they vary depending on the industry. Bring your own product concept to market using the development framework listed below.

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How many types of price controls are there?

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There are two types of price controls. Price ceilings and price floors.

The highest price that the government has approved for a certain good or service, permitting the seller to charge, is referred to as the "price ceiling." A price ceiling situation is common in markets with high demand and limited supply for goods and services. As a result, the maximum price established by the government is often lower than the price at which everything is in balance.

In contrast to a price ceiling, a price floor refers to the government determining the lowest permissible cost of a certain good or service. If the price floor is created, a client will not be able to buy the items for less than the price floor in a normal setting. It ensures the protection of the makers against adverse circumstances, such as low demand.

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Is US dollar accepted worldwide?

Answers

Eleven nations, in addition to the five U.S. territories, made the dollar their official currency.

Why the U.S. dollar is accepted worldwide?

The US dollar was made the world's main reserve currency under the 1944 Bretton Woods Agreement. It replaced sterling as the money with this status following the devastation of two world wars and the heavy consumption of the Union Country's gold reserves.

In addition to the euro, yen, pound, renminbi (RMB), Canadian dollar, Swiss franc, and Australian dollar, the U.S. The dollar is the most important reserve currency in the world. A national currency is one that the world's largest central banks hold in reserve. The US dollar. Additionally, several nations have adopted the U.S. Due to the dollar's great acceptance across the world, several countries have replaced their native currency with the dollar as their official one, a process known as dollarization.

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g which of the following is true regarding corporations other than s corporations? select one: a. a corporation may not be sued. b. the corporation must pay taxes on profits, and shareholders must pay taxes on dividends they receive from the corporation. c. shareholders may typically be held liable for debts of the corporation. d. a corporation is not a separate legal entity.

Answers

The truth regarding corporations other than s corporations is that the corporation must pay taxes on profits, and shareholders must pay taxes on dividends they receive from the corporation. Option B

What is a corporation?

A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.

An organization called a corporation is one whose shareholders choose a board of directors to manage its operations.

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How does the Accenture myNav green cloud integrate sustainability?

Answers

The Accenture myNav green cloud integrates sustainability by estimating carbon emission reductions and sustainability index improvements.

It will also assist you in understanding how your Green Cloud consultant will achieve that goal.

You work as a consultant for green clouds.

You're using the cloud to monitor climate change, and it may or may not be included in the global climate change monitor.

This is where environmental managers come in. Green managers are people who understand what ecosystems are doing to affect climate change. They understand the impact of global environmental differences and the biological world.

Unless it's their data set, this person can't discern the difference between global warming and a greenhouse gas reduction objective.

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What are the 4 types of entrepreneur? List ways we can deal with invasive species?( I know this is simple but like I'm too lazy to do it rn) Why do senators have 6 year terms? What is the difference between in-text citation and parenthetical citation MLA? Ina Co had the following beginning and ending balances in its prepaid expense and accrued liabilities accounts for the current year: Prepaid expenses Accrued liabilities Beginning balance Ending balance $5,000 10,000 $8,000 20,000 Debits to operating experises totaled $100,000. What amount did Ina pay for operating expenses during the current year? $ 83,000 O $ 93,000 O $117.000 O $107.000 What are the three types of parameters in Python? Arrange the events in chronological order. a. The Enlightenmentb. German unificationc. The Congress of Viennad. The Napoleonic Wars 5) a company operating under an eoq policy enjoys rising annual demand for their products for three consecutive years. during this time their holding cost and ordering cost remain constant. which statement is best? What is the most important point that the authors make in this paragraph sugar changed the world? if a single firm can produce and supply an entire market at a lower unit cost than many small firms can, the long-run average total cost must be How sugar changed the world quotes? What are the benefits of wind and solar? How much do you tip a Shipt driver? A spinner is divided into five equal sections labeled 1, 2, 3, 4, and 5. Another spinner is divided into two equal sections labeled A and B. Nigel will spin each spinner one time.How many of the possible outcomes have a number less than 3 or an A? Hint: first write out the sample space (you should have 10) Which samples have a number less than 3 or an A? What are 2 literary devices we see in satire? Jacob is traveling down a level roadway with a speed of 9.5 m/s. He slams on the breaks and encounters a coefficient of friction of 0.847. What distance does his 985 kg truck skid before stopping? 7 divided by three-eighths Provide an IUPAC name for the structure shown ball & stick (Use cis/trans terms for cyclic structures. Do not specify stereochemistry in other cases. It is not necessary to use italics in writing compound names.) An amusement park charges an admission fee of 40 dollars per person. The cost, C (in dollars), of admission for a group of p people is given by the following.C=40 pWhat is the cost of admission for a group of 4 people?_____dollars When goods are rejected by the buyer he must return them to the seller?