Answer:
The demand curve will shift to the left (reduce)
Explanation:
Shift in demand results from change in other factors affecting demand except for price.
There are wide-spread reports of contacting mad cow disease by consuming beef from Canada. This will result in a general decrease in the quantity of beef demanded (shift in demand to the left). At all prices there will be less demand for Canadian beef.
This is illustrated in the attached diagram.
Answer:
a.
The money that we will have in account is $51156.41
b.
The money that we will have in account is $318808.31
Explanation:
a.
The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.
The formula for the future value of annuity is attached.
FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]
FV = $51156.41178
b.
The same formula for the future value of annuity will be used and we will change n from 19 to 38.
FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]
FV = $318808.3149
Answer:
Publishing a sale price for an item that is not available
Explanation:
Publishing a sale price for an item that is not available will be misleading to the market and will break the law as the company must provide promotions for products that are available only
Feedback gives somebody another point of view other than there own allowing them to improve themselves
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.