Answer:
$3 per unit
Explanation:
In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.
In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.
Economic profit = Cost saving
Economic profit = Marginal Cost - Average variable cost
Economic profit = $8 - $5
Economic profit = $3
I would mark it as A, True. B/C of how easy it is to get addicted and harm yourself.
Answer:
a-1 Present value = 6,177.39
a2- Present Value =6,227.79
a3- Choose the payment stream with the highest present value = a2
b1- Present Value=3,353.98
b2-Present Value=2,805.28
b3-Choose the payment stream with the highest present value = b1
Explanation:
a-1 describes an ordinary annuity whose present value is calculated as follows:
![Present value =PMT*\frac{[1-(1+i)^-^n]}{i}](https://tex.z-dn.net/?f=%20Present%20value%20%3DPMT%2A%5Cfrac%7B%5B1-%281%2Bi%29%5E-%5En%5D%7D%7Bi%7D)
where PMT=$800; i= 5%, n= 10
![Present value =800*\frac{[1-(1+0.05)^-^1^0]}{0.05}](https://tex.z-dn.net/?f=%20Present%20value%20%3D800%2A%5Cfrac%7B%5B1-%281%2B0.05%29%5E-%5E1%5E0%5D%7D%7B0.05%7D)
= 6,177.39
a2- ![Present value =600*\frac{[1-(1+0.05)^-^1^5]}{0.05}](https://tex.z-dn.net/?f=Present%20value%20%3D600%2A%5Cfrac%7B%5B1-%281%2B0.05%29%5E-%5E1%5E5%5D%7D%7B0.05%7D)
= 6,227.79
a3- If I were receiving these payments annually, I would prefer the payment stream with the highest present value ie a2 -Annual payment of $600 for 15 years at 5% interest.
b1- ![Present value =800*\frac{[1-(1+0.20)^-^1^0]}{0.20}](https://tex.z-dn.net/?f=Present%20value%20%3D800%2A%5Cfrac%7B%5B1-%281%2B0.20%29%5E-%5E1%5E0%5D%7D%7B0.20%7D)
= 3,353.98
b2-![Present value =600*\frac{[1-(1+0.20)^-^1^5]}{0.20}](https://tex.z-dn.net/?f=Present%20value%20%3D600%2A%5Cfrac%7B%5B1-%281%2B0.20%29%5E-%5E1%5E5%5D%7D%7B0.20%7D)
=2,805.28
b3- f I were receiving these payments annually, I would prefer the payment stream with the highest present value ie b1- Annual payment of $800 for 10 years at 20% interest.
Accounting error are errors committed in accounting, which are not intentional.
<h3>What is accounting error?</h3>
These are unintentional errors committed in accounting, which are often corrected when spotted.
Matching each definition to each example is shown below:
- Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entry
- Ethan records stationery expenses as $251, but it should have been $215 Transposition
- Ethan records salaries of $5,000 as credits instead of debits. Reversal of entries
- Ethan made a subtraction error while analyzing the profit on the sale of an asset. Calculation
- Ethan completely overlooked stationery expenses of $115. Omission
Learn more about accounting errors here : brainly.com/question/25671660
#SPJ1
Answer: A physical object we find, grow, or make to meet our needs and those of others.
Explanation: A commodity is an object that possesses a certain form of value, it can be used to meet an immediate need of a person.
It can be grown or produced to meet the specified needed requirements of the particular need it solves.
