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SCORPION-xisa [38]
3 years ago
7

A high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. would li

ke to charge $20 because he believes he has more experience mowing lawns than the many other teenagers who also offer the same service. if the market for lawn mowing services is perfectly competitive, what would happen if raised his price? if kyle raises his price, then all others supplying the same service will also raise their prices. initially, his customers might complain but over time they will come to accept the new rate. he would lose some but not all of his customers. if kyle raises his price he will lose all of his customers.
Business
1 answer:
BlackZzzverrR [31]3 years ago
6 0
The event that will happen if he raised his price is If Kyle raises his price he will lose all of his customers. All of the people want to buy product who is low costing because they can save much money and they hate buying things that is so much expensive. The answer to this question is  if Kyle raises his price he will lose all of his customers.
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Assume you can currently exchange one U.S. dollar for one hundred Japanese yen. Also assume the inflation rate will be 2.5 perce
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Answer:

e. Less than 100

Explanation:

Inflation: Inflation can be defined as rise in general price level of the goods and services in a country.

It can also be defined as reduction in value of money.

In this case Inflation in US( 2.5%) is higher than inflation in Japan (2%). So Japanese Yen is reducing less in value from US Dollar. So, now Dollar can buy less Yen than it could buy previously.

8 0
3 years ago
You have just deposited $8,500 into an account that promises to pay you an annual interest rate of 6 percent each year for the n
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Answer:

12.51%

Explanation:

after the first 6 years, you will have:

FV = PV (1 + r)ⁿ

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FV = $8,500 (1 + 6%)⁶ = $12,057.41

If you need to have $19,320 in 4 years, then you must determine r:

$19,320 = $12,057.41 (1 + r)⁴

$19,320 / $12,057.41 = (1 + r)⁴

1.6023 = (1 + r)⁴

⁴√1.6023 = 1 + r

1.1251 = 1 + r

1.1251 - 1 = r

0.1251 = r

r = 12.51%

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One of the advantages associated with television as an advertising medium is that it:
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It has a bigger audience and reaches put to people of all ages
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A client demands the return of all records and documents from an attorney even though the client has not paid the attorney's fee
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