Answer:
c. dairy farming
Explanation:
Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.
This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.
Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.
A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.
Answer:
Change in G = $90 billion
Explanation:
Data provided in the question:
Shift in demand curve, ΔY = $300 billion
Marginal propensity to consume (MPC) = 0.7
Now,
Government spending multiplier
⇒ ΔY ÷ ΔG = 1 ÷ ( 1 - MPC )
or
⇒ $300 billion ÷ ( Change in G ) = 1 ÷ ( 1 - 0.7 )
or
Change in G = $300 billion × ( 1 - 0.7 )
or
Change in G = $300 billion × 0.3
or
Change in G = $90 billion
A. relating a story to someone who is struggling that tells how you dealt with a similar situation
Answer:
the discount rate for this option implies to be 6.26%
Explanation:
From the given information; we are to determine the discount rate for the cash option.
Let r represent the discount rate and represent the cash option
The the discount rate for the cash option is related to the sum of all the Present Value of the cash flows together with the discount rate.
r = discount rate = ???
for the next 29 years.
Mathematically;
If discount rate (r) = 1%; we have:
If the discount rate r= 2% ;
If the discount rate r= 4% ;
If the discount rate r = 6%
PV = 123.5396349 ≠ 120.504 (but that was so close)
If the discount rate r = 6.26%
PV = 120.4722 million which is approximately equal to $120.504 million
Thus ,the discount rate for this option implies to be 6.26%
Yes you are correct the cost pool is the people cost object is the product