Answer:
a) Gold = $1,380; Silver = $1,020
b) Gold = $1,300; Silver = $980
Explanation:
a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:
Equilibrium price of gold is $1,380 and the price of silver is $1,020.
b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:
Equilibrium price of gold is $1,300 and the price of silver is $980.
Answer:
The correct answer is venture capitalists generally have an exit strategy
Explanation:
Venture capitalists are private individuals that make funds available to high growth startups in exchange for equity stake in the company.
Venture capitalists usually have an exit plan, in that their investment for short to medium term,as they intend to dispose their investment when it is most profitable to do so,with aim of reaping high returns overall on their initial investment.
Venture capital is not easy to obtain, as a business must show signs of high growth in near future to attract venture capitalists.
Venture capitalists do not invest in all forms of businesses as they only place their funds in selected business ventures
Answer:
The amount of the gain that the estimate change caused = $12 million
Explanation:
The explanation for this question is given in the attachment below.
Answer:
Correct option is D.
Explanation:
An opportunity cost is <u>the potential benefit that may be obtained by following an alternative course of action.</u>
