Answer:
increase in output, but not in the equilibrium price of the product.
Explanation:
The options weren't provided. The full question can be found here - https://www.chegg.com/homework-help/questions-and-answers/perfectly-competitive-industry-x-constant-costs-product-inferior-good-industry-currently-l-q39354625
An inferior good is a good whose demand increases when income falls and whose demand falls when income rises.
When average income falls, the demand for good X rises. The level of output increases as a result of the rise in demand but price doesn't change.
I hope my answer helps you.
Answer:
PV= $1,173.44
Explanation:
Giving the following information:
your tenant has agreed to pay $150 per month. There are eight months left on the lease, the appropriate interest rate is 6%, compounded monthly.
<u>To calculate the net present value, first, we need to calculate the final value and then use the present value formula.</u>
FV= {A*[(1+i)^n-1]}/i
A= annual pay= 150
i=0.06/12= 0.005
n=8
FV= {140[(1.005^8)-1]}/0.005= 1,221.21
Now, we calculate the present value:
PV= FV/(1+i)^n
PV= 1,221.21/1.005^8= $1,173.44
Answer:
Explanation:
Base on the scenario been described in the question, we can solve the problem by using pareto chat and cumulative complaint line in the image attached below
Answer:
E
Explanation:
has no interest in whether the euro grows stronger or weaker versus the Brazilian real unless its chief competitors are other companies located in countries whose currency is also the euro.
