Answer:
cab fares will be higher.
Explanation:
The supply of cabs would fall as a result of the limit. The fall in supply would lead to a rightward shift of the demand curve for cabs.
As a result, equilibrium price (cab fares) would increase and equilibrium quantity would fall.
subway is a substitute for cabs
Due to the increase in the price of cabs, there would be an increase in the demand for subway. This would lead to a rise in equilibrium price and quantity
Important dsiclamer: there was a type in the question you enter 26,000 while in the textbook is for 20,000
Answer:
a. Decrease $1,200,000
Explanation:
Income before internal transfer:
revenue 3150
cost 1050
gross 2100
fixed (2100)
operating 0
external engine purchase (3000)
net (3000)
After internal change:
revenue 1050
cost (960)
gross profit 90
fixed (2100)
operating (2010)
internal engine purchase (1,050)
net (3,060)
difference -3060--3000 = 60
20,000 units x 60 = 1,200,000
Answer:
The 1-year HPR for the first stock is 16.18%
Explanation:
The computation is shown below:
For investment 1 -
The formula is shown below:
= (Income × quarter ) +Value at the end - Value at the beginning ÷ (Value at the beginning) × 100
= {($0.38 × 2) + $29.25 - $25.83} ÷ ($25.83) × 100
= ($0.76 + $29.25 - $25.83) ÷ ($25.83) × 100
= ($4.18 ÷ $25.83) × 100
= 16.18%
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