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2 years ago

A demand curve that is horizontal indicates that the commodity

1 answer:

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When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.

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2. At a consumer optimum, for all goods purchased, marginal utility per dollar spent is equalized. A high school student is deci

Greeley [361]

Answer:

The high school student should analyze the point at which the marginal cost equals the marginal benefit.

In other words, he or she should see if the increased costs of attending Petesburg University are more or less equal to the increased benefit that is gained from graduating from a more prestigious university.

The student should also analyze the possible opportunity cost in the future. Attending amore renowned college can result in better job prospects than doing otherwise. Higher salaries in the future could be given up if he or she chooses the cheaper option.

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3 years ago

Hillside issues $2,600,000 of 5%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31

Amanda [17]

Answer:

1.- thwe cash payment are the same for each period as the coupon bond rate is fixed:

2,600,000 face value x 5% coupon rate / 2 payment per year = 65,000

On the last payment, we are going to calculate 65,000 + face value

2,600,000 + 65,000 = 2,665,000

2.- amortization per period 19,513

3.- interest expense per period 45,487

4.- 45,487 interest expense per period x 30 payment dates = 1,364,610

cash 3,182,390 debit

bonds payable 2,600,000 credit

premium on BP 585,390 credit

-- to record issuance --

interest expense 45,487 debit

premium on BP 19,513 debit

cash 65,000 credit

-- entry for each payment date--

Explanation:

proceeds: 3,182,390

face value: 2,600,000

premium: 585,390

amortization per period:

585,390 / 30 payment = 19,513

This will be the amortization on the premium on bonds payable for each payment

3.- as the amortization is fixed under straight-line method the interest expense is also fixed:

65,000 cash proceeds - 19,513 amortization = 45,487 interest expense

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3 years ago

Use the cost and revenue data to answer the questions. Quantity Price Total revenue Total cost 10 90 900 675 15 80 1200 825 20 7

azamat

Answer:

Check the explanation

Explanation:

Marginal revenue is the revenue earned by selling an additional unit of output. Marginal Revenue for fifteenth unit of output is calculated as below.

Marginal Revenue= $\frac{ATR}{AQ}$ = $\frac{1200 - 900}{15 -10} = 60$

Marginal Cost is the additional cost incurred on producing additional unit of output. Marginal Cost for fifteenth unit is calculated as below.

Marginal Cost= $\frac{ATC}{ AQ} =\frac{825-675}{15-10} =30$

The marginal revenue when the quantity is 25 is

The marginal Cost when the quantity is 15 is

The marginal profit of a monopoly is 0 when the marginal profit is equal to the marginal cost. The monopoly produces at an output where the marginal profit is equal to zero.

Thus, the output produced by the monopoly is

The corresponding price set is at $70.

120 units

A perfectly competitive market produces an output where the marginal cost is equal to

the average revenue. Thus a competitive firm produces

The corresponding price is set at $50.

130 units)

The monopoly price $70 is higher than the competitive firm's price $50.

Hence, the correct option is

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3 years ago

During the Truman and Eisenhower administrations, corporate development in the United States:__________

Anastaziya [24]

The answer is discouraged by government

7 0

3 years ago

The opportunity cost of attending college is likely to be highest for a high school graduate _______A. who can immediately take

podryga [215]

Answer:

who can immediately take over the family business.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For a student who chooses to go to college, his opportunity cost is the opportunity of running the family business he forgoed when he decided to go to college.

I hope my answer helps you

6 0

2 years ago