Answer:
The correct answer is option B.
Explanation:
A monopolistic firm is characterized by a large number of buyers and sellers in the market producing differentiated products which are close substitutes, there are relatively easier entry and exit in the market.
In the given question, Teen Angle Hardware is looking for a niche or a slightly differentiated product to sell to teenagers. But is able to earn only a normal profit because there is a large number of firms in the market. And new firms can enter the market in the long run. So, this firm is an example of a monopolistic firm.
Answer:
$378,756
Explanation;
The net present value of land will be =$450,000/1.09^2=$378,756
The land will be recorded in net present value of land by discounting the cost of land with interest rate of buying from the bank.
Answer:
the answer is electrical work
Explanation:
um I just looked it up to be honest
Answer:
For Bagels = 1.33
For Donuts = -1.33
Explanation:
Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:
Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:
Alex's income elasticity of demand for bagels and donuts, respectively, is:
His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.
Answer:
The total cost of the phone is $1,270.56
Explanation:
The total cost of the phone is computed as:
Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years
where
Firstly, the cost of phone for 2 years is computed as:
Cost of phone =( For first year) Per month Cost × 12 months +( For second year ) Per month Cost × 12 months
= $39.95 × 12 + $39.95 × 12
= $ 479.4 + $479.4
=$958.8
Then, the Cost of warranty coverage for 2 years is computed as:
Cost of warranty = ( For first year) Per month Cost × 12 months +( For second year ) Per month Cost × 12 months
= $12.99 × 12 + $12.99 × 12
= 155.88 + $155.88
= $311.76
Therefore, the total cost would be:
Total cost = $958. 8 + $311.76
= $1,270.56
