Answer:
This chart shows the link between the price of the graphic T-shirts against the quantity demanded.
Explanation:
The chart can be represented as follows;
Price of the graphic T-shirts Quantity demanded
$5 50
$7.50 40
$10.00 30
$12.50 20
$15.00 10
From the chart above we can see that there is a relationship between the price of the graphic T-shirts and the quantity of the shirts demanded. From the chart it can be seen that an increase in the price of the T-shirt causes a corresponding decrease in the quantity demanded. For example; a price of $5 causes a demand of 50 shirts while a price of $15 causes a demand of 10. From the chart, we can say that increasing the price from $5 to $15 caused a reduction in demand from 50 to 10. This generally means that an increase in price of the shirts make most of customers feel that they cannot afford it or that it has been overpriced, therefor they would rather not buy. This is what makes the demand for the T-shirts to go down with increasing T-shirt prices.
Answer:
42.45 years
Explanation:
Discounting is the means by which the today's value of an amount in the future is computed. Compounding is the process by which the future value of a present amount is determined. In other words, the present value of $1 tomorrow is determined by discounting while the future value of $1 tomorrow is determined by compounding.
Where
Fv = Pv(1 + r)^n
Fv is the future value
Pv is the present value
r is rate
n is time
215000 = 36000(1 + 0.043)^n
215/36 = 1.043^n
Taking the log of both sides
log (215/36) = log 1.043^n
n = log (215/36) / log 1.043
n = 42.45 years
It will take 42.45 years to have enough to buy the car
Answer:
<h2>The answer in this case would be option a. or price exceeds marginal cost.</h2>
Explanation:
- Monopolistic competition is a particular type of market structure where multiple or many firms or companies are producing and selling differentiated or heterogeneous products or services.
- A monopolisticially competitive firm maximizes its profit by producing the output level at which the marginal revenue or the additional or incremental revenue obtained from selling one more unit of output is equal to the marginal cost or the additional or incremental cost or expense incurred by the firm or company to produce that one more unit of the output.
- The monopolistically competitive firm charges per unit price of the output which is equal to the demand for any particular product or service in the market and higher than both marginal revenue and marginal cost or above the point where both are equal.Hence,the price charged by the monopolistically competitive firm is higher than both marginal cost and marginal revenue of production.
Produce goods and services that are not environmentally friendly and increase the affect of manufacturing goods and services
Answer:II) More risk-averse investors will invest less in the optimal risky portfolio and more in the risk-free security than less risk-averse investors. III) Investors choose the portfolio that maximizes their expected utility.
Explanation:The capital allocation line is a line created in a graph by investors in an economy to display or identify the potential risks involved in taking risky decisions. This line is one the determining factors to ensure that the investor has adequate knowledge about the risky nature of a capital investment.
Investors generally choose portfolios that guarantee maximum profits with reduced chances of loss. More risk averse investor will choose or opt for less risky portfolio.
