If this market for water were perfectly competitive instead of monopolistic, what price would be charged?

1 answer:

6 0

If the market for water were perfectly competitive instead of monopolistic, the price that would be charged would not be able to be controlled by company, so it would be really close to the Equilibrium point.
So let's the the point is $ 120, that number will be your answer.

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The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a

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Answer & Explanation:

The null hypothesis (H0) is what the study is trying to reject, is what the study wants to disprove. In this case, the financial administrator believes that the average cost of tuition and room is greater than $8,500. Then, he wants to statistically disprove that the average cost per term is equal to $8,500.

H0: average cost = $8,500

H0:μ=$8,500

The alternative hypothesis (H1) is the opposite, is what the financial administrator wants to prove: the average cost per term is greater than $8,500.

H1: average cost > $8,500

H1:μ>$8,500

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The accountant at Coronado Company is figuring out the difference in income taxes the company will pay depending on the choice o

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Answer:

The difference in tax to be paid between the two methods is $455

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In this question, we are asked to calculate the difference in tax for the LIFO and FIFO method.

The matter of importance here is that the tax rate is 35%. We proceed as follows:

For the FIFO income, the tax rate is 35% of 8,600 = 35/100 * 8600 = $3010

For the LIFO method, the tax rate is 35% of $7,300 = 35/100 * 7,300 = $2,555

The difference in tax that would be paid between the two methods is 3010-2555 = $455

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The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.

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Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.

In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.