Answer:
D. they will be unable to earn higher-than-normal profits in the long run.
Explanation: A monopolistic competition is a form of imperfect Competition where many firms that are located within a give market are known to offer similar products to the markets that are not enough to qualify them as a perfect close Substitute (the Purchase of one of the close Substitute does not necessarily prevent the purchase of another). in this type of imperfect Competition the possibility of a barrier to entry or exit is generally low.
Answer:
The prize is worth 4.26 million dollars today.
Explanation:
Giving the following information:
Cash flow= $500,000
Interest rate= 10% compounded annually
Number of years= 20
First, we will calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {500,000*[(1.10^20) - 1]} / 0.10
FV= $28,637,499.75
Now, the present value:
PV= FV/(1+i)^n
PV= 28,637,499.75/1.10^20
PV= $4,256,781.86
The prize is worth 4.26 million dollars today.
Answer: D. Both countries
Explanation:
The options include:
A. neither country
B. the country with lower production costs
C. the country with higher production costs
D. both countries
Comparative advantage occurs when a particular country produces a certain goods based on the fact that it has a lower opportunity cost of its production when compared to the other country. This typically occurs in international trade.
Comparative advantage is beneficial to both countries that are involved as the countries purchase the goods that it doesn't have a comparative advantage in from the other country.
Answer:
the inventory turnover is 11
while the average days outstanding is 33 days
Explanation:
<u>inventory turnover:</u>
the amount of times the inventory rotetes (is being sold) during the period
660,000/60,000 = 11
The company sold his invenotry 11 times
<u>days outstanding :</u>
time to sale the entire inventory
if it rotates 11 times per year and the year has 365 days then:
365/11 = 33.18 = 33days