7,531,251,898
and still counting !!!
The perfectly competitive firm charges a price equal to marginal cost
monopolistic competitor firm charges a price greater than marginal cost.
No, they are not always visible. But can be detected by taste, or smell.
Answer:
a) $903.3
b) $907.14
c) $909.13
d) $910.47
Explanation:
Data provided in the question:
Principle amount = $675
Now,
Future value = 
here,
n is the number of periods
r is the Annual rate of interest
t is the time in years
Thus,
a) For 6% compounded annually for 5 years
r = 6% = 0.06
n = 1
t = 5
Future value = $675 × 
or
Future value = $675 × 1.338226
or
Future value = $903.3
b) For 6% compounded semiannually for 5 years
r = 6% = 0.06
n = 2
t = 5
Future value = $675 × 
or
Future value = $675 × 1.343916
or
Future value = $907.14
c) For 6% compounded quarterly for 5 years
r = 6% = 0.06
n = 4
t = 5
Future value = $675 × 
or
Future value = $675 × 1.346855
or
Future value = $909.13
d) For 6% compounded monthly for 5 years
r = 6% = 0.06
n = 12
t = 5
Future value = $675 × 
or
Future value = $675 × 1.34885
or
Future value = $910.47
The international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
<h3>What is a
price floors?</h3>
This refers to the lowest legal price that can be paid in a market for goods and services, labor, financial capital etc.
It is adopted to keeps a price from falling below a given level. It is also called a price supports because they support a price by preventing it from falling below a certain level.
A very good example of price floor is the minimum wage which is a minimum price for the service of labor and thus is a price floor.
In conclusion, in the international sphere, the international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
Read more about price floors
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