Answer:
The correct answers are a. $1719.00 ; c. 2168.86 ; d. $2218.36.
Explanation:
Zoe deposited $900 in a savings account at her bank.
Her account will earn an annual simple interest rate of 7%.
Time for which the money is deposited for 13 years.
Money Zoe would have in her account in thirteen years is
Principal + Principal × time × 
= 900 + 9 × 13 ×7 = 900 + 819 = $1719
Now, assume that Zoe's savings institution modifies the terms of her account and agrees to pay 7% in compound interest on her $900 balance.
Money Zoe would have in her account in thirteen years is
Principal × 
= 900 × 
= $2168.86.
Suppose Zoe had deposited another $900 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 7% but with quarterly compounding.
Time has now changed to 4× 13 = 52.
Money Zoe would have in her account in thirteen years is
Principal × = 900 × 
= $2218.36.
You can always makeup work that you got a low grade on. You can do extra credit or finish the work you haven’t turned in (if you have anything) :)
Answer:
The answer is. C) any buyer who is willing and able to pay the price will find a seller for the product.
Explanation:
At a product's equilibrium price, the quantity demanded of the product equals the quantity supplied of the product. So that means that there will always be a supplier willing to sell the product to any consumer who is willing to pay for that product.
Answer:
B) no competitive producer of the same product
Explanation:
Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.
Characteristics of a Monopoly
1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.
2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.
3) Unique product: The product sold in a monopoly are unique have little or no close substitute.
4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.
5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.
6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.
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