Answer: reduce output.
Explanation:
In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).
In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.
Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.
If the customer wants "to table" the discussion on price then I assume he wants to hold it for later ie not deal with it right now but defer it to a later date perhaps to when more data is available either from Melanie or from him to be able to make the discussion more meaningful.
C. The decisions made by producers and consumers drive all economic choices.
Answer:
The percentage markup added to the product cost was 10%
Answer and Explanation:
The computation of the maturity of the bond is as follows;
When the bond sales at par that means the future value is equivalent to the present value. Also the par value is considered as a future value and we assume the par value be $1,000. Also the coupon rate and the market rate is the same i.e. 10%
Now
Present value = $1,000
Future value = $1,000
PMT = 10% of $1,000 = $100
RATE = 10%
The formula is shown below:
= NPER(RATE;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the maturity would be
As it shows #VALUE so it is not able to find therefore the maturity would be equal to the par value i.e. $1,000
