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3 years ago

Explain why purely competitive markets tend to benefit consumers over producers.

Business

1 answer:

marissa [1.9K]3 years ago

7 0

As competitive markets are driven by quantity of product sales and vendors tend to lower prices to ensure sales.

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Your sister turned 35 today, and she is planning to save $20,000 per year for retirement, with the first deposit to be made one

Elenna [48]

Answer:

She can spend $162,114.58 at the end of each period before she can exhaust the amount.

Explanation:

She will save up to $1,889,215.73 by saving $20,000 per year for 30 years, making the first deposit at the end of a year from today.

FV (Future Value) $1,889,215.73

PV (Present Value) $248,180.82

N (Number of Periods) 30.000

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $20,000.00

Starting Investment $0.00

Total Principal $600,000.00

Total Interest $1,289,215.73

She can can retrieve $162,114.58 at the end of each period to reach the future value of $0.00.

FV (Future Value) $-0.00

PV (Present Value) $-0.00

N (Number of Periods) 25.000

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $-162,114.58

Starting Investment $1,889,215.73

Total Principal $-2,163,648.74

Total Interest $2,163,648.74

8 0

2 years ago

Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,

IRINA_888 [86]

Answer:

The correct answer is option b.

Explanation:

Shen is working in a country where the inflation rate is high.

He gets a salary every two weeks.

After receiving his salary he immediately goes out and buys all the goods he is going to need over the next two weeks.

He converts the remaining salary in a more stable currency.

He does this in order to prevent his salary from losing purchasing power.

This effort that he is making to prevent his real income from losing value is called the shoe-leather cost of inflation.

The shoe-leather cost can be defined as the cost of time and effort made to prevent the cash holdings from losing their value.

3 0

3 years ago

The general services administration (gsa was set up as an independent agency _____.

ahrayia [7]

To Take care of the construction and operation of public buildings

3 0

3 years ago

Read 2 more answers

How do banks benefit of giving people loans

Kitty [74]

Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

5 0

3 years ago

Read 2 more answers

Use the information below to answer the following question. The following lots of a particular commodity were available for sale

Andreas93 [3]

Answer:

$1,510

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

The business had a total of 40 inventories.

The inventories sold = 40 - 20 = 20

The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770

The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740

Total = $740 + $770 = $1,510

I hope my answer helps you

8 0

3 years ago