1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinvika [58]
3 years ago
5

The market for land is competitive and in equilibrium at the rental rate of $500 per acre and the supply of land is perfectly in

elastic at 1000 acres. If the demand for land falls and the rental rate falls to $400 per acre, the total economic rent on this land _____ by _____.
Business
1 answer:
Elina [12.6K]3 years ago
5 0

Answer:

Falls by $100,000

Explanation:

In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.

Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000

We now calculate the price or worth of the land when demand falls

This is mathematically equal to 400 * 1000 = $400,000

Now, the net economic rent fall would be $500,00 - $400,000 = $100,000

Hence, there would be a fall of $100,000 as the demand for land falls

You might be interested in
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 85,000 shares of $5 par common stock. Dur
Olegator [25]

Answer:

$254,010

Explanation:

Calculation for the total shareholders' equity at the end of 2021

Issue of stock (10,700 × $5.90) $63,130

Issue of stock (20,600 × $8.80) $181,280

Net income $95,000

Less Dividends( $53,000)

Less Treasury stock (3,000 × $10.80) ($32,400)

Total shareholders' equity $254,010

Therefore the total shareholders' equity at the end of 2021 is $254,010

4 0
3 years ago
The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumer
Mkey [24]

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as advocacy where loyal consumers recommend brands they have adopted.

the question is incomplete .please read below to find the missing content

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumers recommend brands they have adopted.

Multiple Choice

evaluation

advocacy

preference

interest

repurchase

Advocacy is the activity of individuals or groups aimed at influencing decisions within political, economic, and social institutions. Advocacy Her group, for example, is a non-profit organization dedicated to helping women who have been victims of domestic violence and are afraid to speak up for themselves.

Advocacy includes promoting the interests or causes of someone or a group of people. An advocate is someone who advocates, endorses, or supports a cause or policy. Advocacy is also about helping people find their voice. There are three types of advocacy: self-advocacy, individual advocacy, and system advocacy.

Learn more about advocacy here

brainly.com/question/1086036

#SPJ4

4 0
1 year ago
Solar Solutions, a U.S.-based company, is planning to expand operations to a foreign country. Considering the factors that make
DaniilM [7]

A country that US-based company Solar Solutions should consider entering and expanding its business is one that has democratic institutions and a market-based economic system.

<h3 /><h3>Business internationalization</h3>

It corresponds to a strategy adopted by companies that wish to expand their business to other countries based on an economic opportunity that increases competitiveness and profitability in the market.

Therefore, a democratic country based on the free market would be the ideal option for a company to go global to produce and sell its products and services more widely and based on the economic laws of supply and demand.

The correct answer is:

  • A country that has democratic institutions and a market-based economic system.

Find out more information about internationalization here:

brainly.com/question/26330420

4 0
2 years ago
Complete the following sentence.
tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

8 0
3 years ago
Stockholders' equity of Eden Industries totals $63,000 in combined common stock and retained earnings. Assuming common stock and
TiliK225 [7]

Answer:

Under classified balance sheet, common stock and retained earnings are reported separately

Explanation:

Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.

The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.

6 0
3 years ago
Other questions:
  • What happens to the equilibrium price when supply go down
    15·1 answer
  • Susan is a new management trainee at Barney's Bats, Inc. She has just graduated with her bachelor's degree in management and is
    14·1 answer
  • Which of the following statements is CORRECT? a. During a period when a company is undergoing a change such as increasing its us
    9·1 answer
  • How does the federal government spend its income?
    11·1 answer
  • Haven Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $600,
    12·1 answer
  • In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much
    8·1 answer
  • Chelsie Enterprises declared a dividend to shareholders of record on Monday, February 8, that is payable on Friday, February 26.
    6·2 answers
  • The capital-to-labor ratio is:Question 40 options:a) a key element in decreasing real wages.b) high in rich countries.c) the rat
    11·2 answers
  • The bookstore of a university would be considered:
    7·1 answer
  • Select the correct answer. What does a production possibilities curve represent? D A a combination of price and demand of goods
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!