Answer:
The correct answer is option c.
Explanation:
A production function shows the relationship between the output produced and the inputs employed in the production process.
The short run production function shows the change in the output level when labor changes. In the short run labor is the variable factor, so output can be changed only by making changes in labor. The capital stock will be constant in the short run, so no changes can be made in it.
Answer:
a. marginal revenue in the peak period is greater than in the off-peak period.
Explanation:
<u>peak-load pricing:</u> The price increase when the demand of the good is at peak, so at higher demand the price is higher. Later when the good demand decrease, the price will decrease.
The consumer who purchases at peak pays more compared to another who acquire the good during off-peak periods.
<u>marginal revenue: </u>revenue generated for the sale of another unit
The company will set the marginal revenue equal to marginal cost.
On peak the demand increase along with the marginal cost.
So if marginal revenue = marginal cost
and marginal cost peak > marginal cost off-peak
we can declare:
marginal revenue peak > marginal revenue off-peak
Answer:
Yield to maturity(YTM) = 8.02%
Explanation:
Nper = 15
PMT = 65
PV = -870
FV = 1000
Yield to maturity(YTM) = Rate(Nper, PMT, -PV, FV)
Yield to maturity(YTM) = Rate(15,65, -870, 1000)
Yield to maturity(YTM) = 0.080207047
Yield to maturity(YTM) = 8.02%
The Federal Reserve will more than likely decrease interest rates to encourage spending. When interest rates are low, individuals wish to spend money as it costs less for them to borrow. This increases economic activity to get themselves out of a depression/recession.
True I think don’t make and answer off me think harder about it