Answer:
b. 15 units of output.
Explanation:
information regarding sales price and quantity demanded is missing, so I looked it up (see attached file):
units sales revenue total costs profits
9 $216 $36 $180
<u>15 $270 $54 $216</u>
21 $252 $72 $180
30 $90 $99 ($9)
Answer:
A) pure competition
Explanation:
A pure competition is characterised by :
1. Many buyers and sellers of homogenous goods
2. Firms are price takers. They do not set the price for their products.
3. There are no barriers to entry or exit of firms
The sellers of seafood products exhibit the first two characteristics, hence, they are a pure competition
A monpolistic firm is characterised by
1. Many buyers and sellers of differentiated goods.
2. Firms set the price for their goods
An oligopoly is characterised by:
1. Few large firms in the industry
I hope my answer helps you
Answer:
Monetary Policy
Explanation:
Monetary Policy aims to alter aggregate spending (spending) in economy by changing the interest rates, as interest rates are the 'cost of money' to public. This policy is decided by Central Bank.
Monetary Policy has Quantitative tools : Bank Rate, Repo Rate, Legal Reserve Ratio etc and Quantitative tools : Selective Credit Control, Moral Suasion etc.
If the above tools are used to provide public cheaper money (low interest rate credit), it is called Expansionary Monetary Policy. If the above tools are used to provide public costlier money (higher interest rate credit), it is called Contractionary Monetary Policy.
Answer:
people may not be able to get their tax money they are owed due to government spending
Answer:
$508.63
Explanation:
For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:
Provided that
Given that,
Future value = $1,000
Rate of interest = 14%
NPER = 15 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $508.63