B. 50$
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The supply curve for a good will be more elastic if "production inputs are readily available at a relatively low cost".
<u>Option: C</u>
<u>Explanation:</u>
The graphical interpretation is applied to understand the concept of supply curve for any good available in market. This is done by correlating the cost of a good or service and the supplied amount during a given period. In such representation the cost is mentioned vertically on the left axis, while the amount supplied is mentioned horizontally.
The coverage of responsiveness with respect to variations in cost of demand or supply products is understood as elasticity. Here when the small variations in cost leads to the large variations in consumed amount of product, thus curve become more elastic. While if a curve is found less elastic, which showcase that their is large variations in the price to impact a change in consumed amount.
Answer:
Net income in year 2021 = $0
Net income in year 2022 = $6,000
Explanation:
Given:
Purchased bonds(2021) = $860,000
Sold bonds (2022) = $866,000
Fair market value = $858,500
Computation:
A. Net income in 2021
The fair market value of the bond is less than the purchase price of the bond, that is why we can say that no profit has been received in the year 2021
Net income = $0
B. Net income in 2022
Net income = Sold bonds - Purchased bonds
Net income = $866,000 - $860,000
Net income = $6,000
Answer:
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