Answer:
For the competitive firm marginal cost is $5. For the monopolist marginal cost is less than $5.
Explanation:
The price of the product of the competitive firm is $5. We know that a competitive firm is a price taker and produces at the point where the price is equal to the marginal cost of producing the last unit.
A monopolist, on the other hand, is a price maker. It produces at the level of output where the price is greater than the marginal cost of producing the last unit.
Answer: d. The book value of the mine decreased $573,400 during 2014.
Explanation:
Book value of the mine is:
= Cost + Amount spent to make mine ready
= 4,324,000 + 760,000
= $5,084,000
The depreciation for this mine will be done based on the amount of minerals removed per year from the estimated total. It will be based on the depreciable value which is the book value net of the residual value.
In year 2014, depreciation is:
= Proportion removed * (Book value - Residual value)
= 61,000 / 460,000 * (5,084,000 - 760,000)
= $573,400
Answer:
The correct answers are:
- Debt.
- An IOU promise to pay.
- The stockholders.
Explanation:
To begin with, in the field of finance the <em>bond</em> is an instrument of <u>indebtedness</u> of the bond issuer to the holders. Moreover, this instrument is also known as a <u>debt security</u> under which the party that generated the bond owes a debt to the holder of the bond and must pay ir under certain circumstances stipulated at the time of the purchase, therefore that it is known that the bond is a form of<u> ''I owe you'' or IOU</u> promise to pay. Furthermore, the <u>bondholders are only lenders</u> and therefore they do not owe a part of the company, so that means that if the company runs into financial difficulty then the stockholder, who do owe a part of the company, will be paid first.
Janet lives in Miami and has a low to moderate income. she wants to buy a home in Miami priced at $150,000 but doesn’t have enough savings to put up the 20% down payment on a conventional mortgage. since she isn’t part of a military family, which type of loan should Janet consider obtaining for her mortgage is an FHA loan.
What is a loan?
- A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities.
- The recipient, or borrower, incurs a debt and is often responsible for both the main amount borrowed as well as interest payments on the debt until it is repaid.
- The promissory note used to prove the obligation will typically include information like the principal amount borrowed, the interest rate the lender is charging, and the due date for repayment.
<h3>What is income?</h3>
- Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration.
- Conceptually, income is hard to define, and different fields may have distinct definitions.
- A person's income in an economic sense, for instance, can differ from their income in legal terms.
- Haig-Simons income, which defines income as Consumption + Change in Net Worth and is commonly applied in economics, is a very significant definition of income.
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