If the economy's income rises, the price of a normal good like a trumpet will rise and the quantity will increases.
If the number of trumpet producers on the market increases, this means that there will be an increase in supply, which can mean greater availability of these goods and, consequently, a reduction in price.
In a situation where there are few substitutes for trumpets, demand will be relatively inelastic, as consumers are not as sensitive to price changes due to low availability.
<h3 /><h3>What is the law of supply and demand?</h3>
They are economic concepts related to the quantity of a good available in the market and its price, which are determined by the law of supply and demand, impacted by economic forces, such as income, producers, and policies for example.
Therefore, the greater the supply than the demand, the lower the prices, and the lower the supply, the higher the prices.
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Answer:
The Correct options are 2 and 3.
Explanation:
From the 4 options provided the two options that best suits the questions are; "The jaws of the wrench might become sprung"; and "The nut or bolt might become rounded." These options are the likely options experienced when an open-end-wrench with double openings for a job.
Answer:
Faldo Corp
Customers are paying late by 6.5 days (51.5 - 45)
Explanation:
DSO = Accounts Receivable/Sales last year * 365 days
= $60,000/$425,000 * 365
= 51.5 days
Customers are paying late by 6.5 days (51.5 - 45)
b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable. This means that DSO measures how long it takes Faldo's customers to pay an invoice. Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year. This is then multiplied by 365 days.
A filmmaker will seek a sound production mixer who has the qualities and qualifications that is responsible for ensuring that dialogue recorded during filming is suitably clear, tries to avoid unwanted noises and works around the camera which might hamper the placement of microphones. A production sound mixer who has his or her own equipment as this choice can save the filmmaker a considerable amount of money in sound equipment rental, and the mixer is likely to be skilled in using his or her own equipment.
Answer:
a. $76,754
.38
b. 14%
c. $73,529
Explanation:
a. The computation of portfolio is given below:-
Risk Premium
= Required return - Risk free rate
= 10% + 4%
= 14%
Expected value of the payoff
= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2
= $87,500
Value of portfolio = $87,500 ÷ (1 + 14%)
= $76,754.39
b. The calculation of expected rate of return on the portfolio is shown below:-
= ($87,500 - $76,754.39) ÷ $76,754.39
= 14%
c. The calculation of risk premium is shown below:-
Risk premium = Required return - Risk free rate
Required return = 15%+4% = 19%
Expected rate of the payoff
= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2
=$87500
Value of portfolio
= $87,500 ÷ (1 + 19%)
= $73,529
