Answer:
a) Draw the demand and supply curves. I have attached the supply and demand curves below
What is unusual about this supply curve? What might this be true? What is inusual is that the supply curve is vertical, which means that the supply for this market is perfectly inelastic. A perfectly inelastic supply occurs when supply does not respond to price, it stays at the same quantity regardless of price level and price changes.
b) What are the equilibrium price and quantity of tickets?
The equilibrium price is $8 and the equilibrium quantity is 8 000 tickets. The reason is that at the price of $8 both the quantity supplied and demanded is equal to 8 000 tickets.
Answer:
C) $70,000
Explanation:
The US Department of Labor has established a range of fines that can be imposed on an employer who willfully or repeatedly violates any OSHA requirement, standard, rule or order. This range of fines starts with a minimum of $5,000 and up to a maximum of $70,000.
Answer: The correct answer is C Product.
Explanation: Product mix is just like providing product details and how many products a company can offer to its customers. It means that when multiple products are marketed together, it creates a brand name while if they are marketed individually it might not create the same impact. Since create a brand name will be a part of Product as there are different products which are marketed together.
Answer:
$31,046
Explanation:
real interest rate = nominal interest rate - inflation
4% = nominal interest rate - 6% ⇒ nominal interest rate = 10%
if you want to determine the present value of the fifth payment, and you require a 4% real interest rate, the you must use a discount value = nominal interest rate
present value = payment / (1 + rate)⁵ = $50,000 / (1 + 10%)⁵ = $50,000 / 1.1⁵ = $50,000 / 1.61051 = $31,046
I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS
