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3 years ago

Distinguish between the short run and the long run. In the short run, . In the long run, .

Business

1 answer:

kenny6666 [7]3 years ago

5 0

Answer:

B. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied

Explanation:

As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.

Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.

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Problem 5.3 Your birthday is coming up and instead of other presents, your parents promised to give you $2,600 in cash. Since yo

Papessa [141]

Answer:

Ans. The value of investment after 2 years is $3,155.51

Explanation:

Hi, first we need toconvert that 9.80 percent, compounded quarterly into an effective quarterly rate, that is just by dividing by 4, since there are 4 quarters in a year, that is:

r(effective quarterly)= 9.8%/4 =2.45%

Now, since the rate is effective quarterly, the periods (time of the invesmet) has to be in quarters, so we multiply 2 years by 4 and we get 8 quarters.

With all the above information, we can go ahead and use the following formula in order to find the future value of this investment.

$FutureValue=PresentValue*(1+r)^{n}$

It should all look like this.

$FutureValue=2,600*(1+0.0245)^{8}=3,155.51$

So, the future value of this investment is $3,155.51

Best of luck.

8 0

3 years ago

In what way is the mississippi college savings account program helping to bridge the economic divide?

3241004551 [841]

Answer:

The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.

The Mississippi College Savings Account Plan is helping bridge the economic drive by allowing the students to become familiar with the banking service, getting them used to the banking system and saving accounts.

4 0

3 years ago

The COB Division of Northern Corp. produces and sells a product to both external customers and other Northern divisions. Per-uni

svetoff [14.1K]

Answer:

$425

Explanation:

Data provided as per the question

Direct material = $350

Direct labor = $75

The computation of transfer price should be set is shown below:-

Transfer price should be = Direct materials + Direct labor

= $350 + $75

= $425

Note :- The minimum transfer price shall be "Variable Rate" if there is an excess capacity to produce for internal transfer.

8 0

3 years ago

Suppose French chocolate soufflé is an inferior good. When income increases and the number of producers in the market decreases

Vadim26 [7]

Answer:

d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls

Explanation:

Inferior goods are those goods whose demand falls with the rise in the income of the consumer.

As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.

Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.

With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.

At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.

4 0

3 years ago

Amanda invested a total of $3 comma 100 into three separate accounts that pay 4 %, 6 % and 7 % annual interest. Amanda has thr

ludmilkaskok [199]

Answer:

the amount invested at 4% interest is $5,00

the amount invested at 6% interest is $1,100

the amount invested at 7% interest is $1,500

Explanation:

Data provided in the question:

Total amount invested = $3,100

Interest rates : 4%, 6 % and 7 %

Total interest = $191

Now,

Let the amount invested at 4% interest be 'x'

the amount invested at 6% interest be 'y'

the amount invested at 7% interest be 'z'

Therefore,

According to the question:

x + y + z = $3,100 ...........(1)

z = 3x ...............(2)

0.04x + 0.06y + 0.07z = $191 ...........(3)

From (1) and (2), we have

x + y + 3x = $3,100

4x + y = $3,100

y = $3,100 - 4x ,..........(4)

from 2, 3 and 4, we have

0.04x + 0.06( $3,100 - 4x ) + 0.07(3x) = $191

⇒ 0.04x + 186 - 0.24x + 0.21x = $191

⇒ 0.01x + 186 = $191

⇒ 0.01x = 5

x = $500

thus,

from (2)

z = 3 × 500

z = $1,500

From (4)

y = $3,100 - 4(500)

y = $1,100

Hence,

Amanda invested

the amount invested at 4% interest is $5,00

the amount invested at 6% interest is $1,100

the amount invested at 7% interest is $1,500

7 0

3 years ago

Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.

Distinguish between the short run and the long run. In the short run, . In the long run, .