Answer:
The demand curve would be a downward straight line graph.
Explanation:
This type of curve is referred to as inelastic demand curve because the decrease in price would not result to an increase in quantity purchased as explained by the question. Majority of the reservation, precisely 25 people from the question are willing to pay reservation proce of 500 as compared to one person whose reservation is different.
Answer:
$315,250
Explanation:
total discount on bonds payable = $320,000 - $315,000 = $5,000
amortization of bond discount per coupon payment = $5,000 / 20 = $250
bonds carrying value after the first coupon payment is made = $315,000 + $250 = $315,250
Dr Interest expense 8,250
Cr Cash 8,000
Cr Discount on bonds payable 250
The answer for this question would be
A) Rationing or the first option.
Answer:
C. Like-Kind exchange
Explanation:
Like kind exchange is a type of deferred tax transactions that occurs when the disposal of an asset and the acquisition of another similar asset without generating a capital gains tax liability from the sale of the first asset. In like kind exchange, an individual can defer paying taxes upon the sale of a property by swapping your property for similar property owned by someone else. An investor is able to swap one eligible property for the other with the sole aim of avoiding or deferring taxes.
Answer: Before Patent Expired - Monopoly Market
After Patent Expired - Perfect Competition
Explanation:
Fountain Plus had a patent on Xtrafresh, this means that they alone had legal rights to produce it and others could not produce it without their permission. This gave rise to a Monopoly as there was no competition. Fountain Fresh was able to make ECONOMIC PROFIT because they were able to charge at a price higher than both the Marginal Cost and the marginal revenue of Xtrafresh which were equal to maximize output.
When the Patent expired however and other companies could come into the trade,they started competing in the case of Xtrafresh. This competition meant that Fountain Plus could no longer keep the price at a level above Marginal cost as the other firms would simply charge lower. This led to a situation where the production of Xtrafresh and it's demand became Economically Efficient at Equilibrium. What this means is that Firms had to sell at a price determined by the market and had to make sure that this price equaled their Marginal Revenue and Marginal Cost so therefore no firm was able to make ECONOMIC PROFIT any longer.
