In terms of cost per square footage for each house, the first one is the most affordable.
<h3>What does the term "mortgage loan" mean?</h3>
Mortgages are loans gotten from banks or other financial entities to help people buy houses. The mortgage's collateral is the house itself. That means the lender can sell the home and collect its money if the borrower stops making monthly loan payments and fails.
If you don't repay the loaned money for the purchase or refinancing of a home, the lender has the right to seize your property under the terms of a mortgage, which is a contract between you and the lender.
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Answer:
.D. the AAA.
Explanation:
The American Accounting Association (AAA) is a global accounting education, analysis and practice excellence organization. It is a voluntary group of people with a passion in research and education in accounting.
Answer:
a. What is the firm's MRP for each of the first five workers?
- Worker 1 = $325
- Worker 2 = $242
- Worker 3 = $171
- Worker 4 = $109
- Worker 5 = $53
The marginal revenue product = units produced x units price
b. Suppose that the monopolist is subjected to rate regulation and the regulator stipulates that it must charge exactly $58 per unit for all units sold. At that price, what is the firm's MRP for each of the first five workers?
- Worker 1 = $290
- Worker 2 = $232
- Worker 3 = $174
- Worker 4 = $116
- Worker 5 = $58
c. If the daily wage paid to workers is $242 per day, how many workers will the unregulated monopoly demand?
- 2 workers only, since their MRP ≥ $242 per day
d. If the daily wage paid to workers falls to $113 per day, how many workers will the unregulated monopoly demand?
- 3 workers only, since their MRP ≥ $113 per day
e. Comparing your answers to parts c and d, does regulating a monopoly's output price always increase its demand for resources?
- No it doesn't, since regulation always affects markets. Markets need regulation, but that doesn't mean that the effects of regulation are always positive for everyone involved. In this case, regulation is probably good for customers, but bad for the workers employed and the business itself.
Explanation:
unit sold MR worker
1 $67 1
2 $66 1
3 $65 1
4 $64 1
5 $63 1
6 $62 2
7 $61 2
8 $60 2
9 $59 2
10 $58 3
11 $57 3
12 $56 3
13 $55 4
14 $54 4
15 $53 5
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