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Kryger [21]
3 years ago
7

Assume that the market is originally in equilibrium. Now suppose that this product gains a sudden popularity among consumers. Ho

w will this sudden popularity affect the profit of an individual firm in this market in the short run?
Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

The profit of an individual firm increases from zero to a positive value.

Explanation:

The market demand will increase (shift right) as a result of the product's newfound popularity. The market price will increase in the short run, and as a result, the firm’s economic profit will rise from 0 to a positive value in the short run.

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You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th
Lyrx [107]

Answer:

The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.

Explanation:

if the rent is paid at the beginning of the month, the present value of the lease contract will be:

PV = monthly rent x PV annuity due factor

we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568

if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor

the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287

assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57

the PV of an ordinary annuity = $2,256.29

the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%

7 0
3 years ago
What two things affect the percentage of federal taxes withheld from your paycheck?
jeka94
The Tax Cuts and Jobs Act changed the way tax is calculated.
For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W–4.
6 0
2 years ago
Investment A pays 8 percent simple interest for 10 years. Investment B pays 7.75 percent compound interest for 10 years. Both re
Dafna11 [192]

Answer:

$3.344,67

Explanation:

Investment A( Simple interest) =  Cf= Ci x(1+(ixn)) = $10.000 x(1+0,0775*10)=

$17.750

Investment B (Compound interest)= Cf= Ci x(1+i)^n = $10.000 (1+0,0775)^10=

$ 21.094,67

A - B = $17.750 - 21.094,67 =  - $3.344,67

4 0
3 years ago
Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use th
Alchen [17]

Answer:

b. $120,800.00

Explanation:

Cost of the land $ 600,000/-

Associated expenses:

Razing down the shed: $ 5000

income from scrap: $ 1000

Total expenses $ 4000

The total cost of land =600,000+4000= $ 604,000

Tax allocation: land and building $ 500,000

land allocation will be: 100,000/500,000 x$ 604,000

     =0.2x604,000

     =$120,800.00

5 0
3 years ago
What are examples of financial goals? Check all that apply.
goldfiish [28.3K]

Answer:

Skylar wants to pay off her college student loans within five years and Lukas wants to earn at least $40,000 per year.

3 0
3 years ago
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