Answer:
C) $500
Explanation:
First we must determine the money multiplier = 1 / reserve ratio:
- money multiplier = 1 / 20% = 5
The bank's checkable deposits originally increase by $100, and since it will be able to lend all the money it can, $80, its checkable deposits will also increase by $80 x 5 (money multiplier) = $400.
So the total increase in the bank's checkable deposits = $100 (original deposit) + $400 (money created through loans) = $500
At the profit-maximizing output, this firm's total profit will be $280.
<h3>Who is a monopolist?</h3>
A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70
Total profit = 70 x 4 = $280
To learn more about monopolies, please check: brainly.com/question/10441375
Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.
Answer:
a.
The money that we will have in account is $51156.41
b.
The money that we will have in account is $318808.31
Explanation:
a.
The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.
The formula for the future value of annuity is attached.
FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]
FV = $51156.41178
b.
The same formula for the future value of annuity will be used and we will change n from 19 to 38.
FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]
FV = $318808.3149
The answer is A. Imposition of a non binding price ceiling in the market
Price Ceiling is when a government impose a price limit over a specific product
Non-Binding Price ceiling is if that price limit that imposed to the product is still <em><u>higher than market equilibrium ,</u></em> which won't do anything to producer's surplus
