Answer:
Option d (economy of the country) is the appropriate answer.
Explanation:
- Along with many other things, the economy of such a given country is regulated by its society, rules, history, as well as geography, and then it develops out of requirement.
- This example better shows the operational effects of the country's economy although inflation continues threatening the position due to certain external causes and leading to a decrease in present value.
Some other options offered aren't relevant to the situation described. For the aforementioned to be the right answer.
Answer:
government's policy.
Explanation:
Govenment policies on tax decide what to tax and where to allocate the resources of the tax.
<span>A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.</span><span>
So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because </span>products are differentiated.
Answer:
(A) 11.3% (B) $430,000
Explanation:
There seems to be an error in the compounding equation written as A(t) = 50,000(1.055)2t.
Compounding the semi annual return, the equation should be
where t is the number of years.
The equation is similar to the first expected that 1.055 is raised to the power of (2t) and not multiplied by it.
(A) Compounding at 5.5% semi-annually, the equivalent annual growth rate is computed as follows.
= 
= 1.113025 - 1
= 0.113025 = 11.3025%
= 11.3% (to the nearest tenth of a percent).
(B) In 20 years, the investment will be worth
(where t=20)
= 
= 
= 50,000 * 8.5133
= $425,665
= $430,000 (to the nearest ten thousand dollars)
Answer:
E. It has many buyers and many sellers , all of whom are selling differentiated products , with no barriers to new firms entering the market.
Explanation:
A perfect market is a market where there are large number of buyers such that all participants are price takers hence cannot influence the price of commodities sold in such market.
In a perfect market, there are no barriers to entry and exit. This also means that new firms can enter the market. Here, the buyers are free to buy from any person and the sellers are free to sell to anyone. Differentiated products are also sold there.
