Answer:
Explanation:
Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
Below is an attachment showing the tabular representation and the solution to requirement A
In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)
Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity
So also a tabular representation of B
All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.
Answer:
The correct answer is b. sample information.
Explanation:
A sample is a part or a portion of a product that allows to know the quality of it. For example: “Yesterday I requested a sample of the new perfume that they advertise on television”, “They have asked me for a sample note for a Mexican magazine”, “I need a sample of fabrics, please”.
Answer:
1.
Dr Purchases 30,070
Cr Accounts payable 30,070
2.
Dr Accounts payable 30,070
Cr Cash 30,070
3.
Dr Accounts payable 30,070
Dr Interest expense 930
Cr Cash 30,000
Explanation:
Meteor Co. Journal entry
1.
Dr Purchases 30,070
($31,000 x .97)
Cr Accounts payable 30,070
2.
Dr Accounts payable 30,070
Cr Cash 30,070
3.
Dr Accounts payable 30,070
Dr Interest expense 930
(31,000-30,070)
Cr Cash 30,000
Since the company purchased merchandise at a price of $31,000 in which it was been subject to credit terms of 3/10 that means 100%-3% credit term will give us 97% credit term ×$31,000 which enabled us to arrived at 30,070.
Answer:
B. $2,250
Explanation:
Given
Tax = $15
Equilibrium quantity = 300
Therefore,
Deadweight loss from tax = (300 × 15) ÷ 2
= 4500 ÷ 2
= $2,250
The rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72.
so in this equation we would use: 72/x=12 then you solve for X
X = 6%
So it would take approximately 6% ROI