Answer:
$196,730
Explanation:
The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:
The company will need to pay $196,730.
Answer:
-22.
There will be the decrease in price hence the supply curve shifts to the left.
Explanation:
So, it is given from the question above that the supply function for avocados is Q = 58 + 15p - 20p_f.
The p_f given in the question = $1.10 which is the price given for the fertilizer as it rises that is to say it rises at that amount.
If the price increases by $1.10, then we have a reduction of -( 20 × 1.10) = -22.
Kindly note that the negative sign denotes the reduction in supply. This reduction causes the supply curve to shift to the left.
The diagram for the supply curve Is given in the attached picture.
