Six acres of prime undeveloped property are sold for $2.25 per square foot. The buyer should pay $588060
It is calculated as:
1 acre= 43560 sq ft.
Therefore 6 acre = 43560*6 = 261360 sq ft.
Property is sold for $2.25 per sq. ft
Therefore the price is calculated by multiplying the rate of per sq ft with the total sq ft area.
= 261360* $2.25
=$588060
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It is D. There are 12 months in a year and she needs to save atleast 9,000.
600x12=7,200
350x24=8,400
225x36=8,100
200x48=9,600
Answer:
A. <u><em>They request a bank loan.
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D. <u><em>They agree to sell stocks.
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E. <u><em>They issue bonds.
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Explanation:
your welcome
Answer:
keep producing in the short run but exit the industry or go out of business in the long run
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.
A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run