Answer:
c is the correct represent the equilibrium price if I am not wrong
Explanation:
<em>sry </em><em>if </em><em>I </em><em>a</em><em>m</em><em> </em><em>wrong</em>
Answer:
Rate = $33
Maximum Income = $5445
Explanation:
Let x be the amount of increase in rental to achieve maximum profit.
So, Rate = (30+x)
When rate increase by x, the quantity decreases by (180 -5x).
Income = (30+x) * (180 - 5x)
Income = 5400 - 150x + 180x - 5x²
Income = -5x² + 30x + 5400
The income will be maximized when derivative of Income is zero.
Taking derivative,
- dI/dx = 2 * -5x + 1 * 30x° + 0
- -10x + 30 = 0
- -10x = -30
- x = -30 / -10
- x = 3
The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.
Maximum Income will be,
Rate = 33
Quantity = 180 - 5(3) = 165 cars
Max Income = 33 * 165 = $5445
Answer:
Present value of sales price = 465,395.16
Present Value of future cash flow= 465,359.16
Explanation:
The present value of a sum expected in the future is the worth today given an opportunity cost interest rate. In another words ,it is amount receivable today that would make the investor to be indifferent between the amount receivable today and the future sum.
The present value of a lump sum can be worked out as follows:
PV = FV × (1+r)^(-n)
Present Value of sales price= 3.1 × 1.11^(-6) =1.65739
Present Value=165,738.65
Present Value of an annuity of 110,000 for 6 years:
PV = A × 1- ( (1+r)^(-n))/r
PV = 110,000× (1-1.11^(-6))/0.11= 465,359.16
PV = 465,359.16
1) Renewable= anything that can be replenished naturally over the course of time
Nonrenewable= (fossil fuels) things that cannot be replenished naturally
2) Renewable= solar power, wind power, wood
Nonrenewable= coal, gasoline, natural gas
8) Reduce, Reuse, Recycle
Answer:
<u>Monopolistic Competition:</u>
4. a firm that faces a downward sloping demand curve.
<u>Perfect Competition:</u>
1. a firm that produces with excess capacity in
3. a firm that may earn in an economy profit or loss in the short run
5. a firm that that maximizes profits profit in the long by producing where MR = MC
<u>Both:</u>
2. a firm that has a firm that sets price greater than marginal cost.
Explanation:
