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IgorC [24]
3 years ago
10

Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is b

etween $0 and $200, and young wants one ipod no matter what the price is between $0 and $250. in this case, each individual buyer's demand curve will be ____ and the market demand curve will be ____.
Business
1 answer:
DiKsa [7]3 years ago
3 0
It seems that you have missed the necessary options in order for us to answer this question so I had to look for it. Anyway, here is the answer. Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is between $0 and $200, and young wants one ipod no matter what the price is between $0 and $250. In this case, each individual buyer's demand curve will be VERTICAL <span> and the market demand curve will be DOWNWARD SLOPING. Hope this helps.</span>
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Mary Jane is a lawyer who can earn $150 per hour in her law practice. She is also an excellent carpenter who can build cabinets
yaroslaw [1]

Answer:

The answer is: A) Mary Jane has a comparative advantage in law so she should specialize in law and hire a carpenter to make her cabinets.

Explanation:

Mary Jane has a comparative advantage by working as a lawyer over working as a carpenter. As a lawyer she can earn $150 an hour.

Considering that Mary Jane is 3 times as fast as a good carpenter, her work as a carpenter could be valued as the combined work of three carpenters. But even three carpenters earn less than a lawyer; $60 an hour ($20 an hour per carpenter times 3 carpenters).

So Mary Jane definitely should work as a lawyer and hire a carpenter or even three carpenters to build her cabinets.

5 0
2 years ago
Oberholser, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.15 every year in perpetuity. If this is
zepelin [54]

The required rate of return is $3.42%

<h3>What is Perpetuity?</h3>

A constant cash flow with indefinite period of time is called perpetuity. In this question a perpetual payment of dividend is being made. so the price of the share is calculated by the formula of perpetuity.

<u>Given:</u>

Present value of perpetuity =  $92 per share

Cash flows = $3.15 every year

<u>Find:</u>

Rate of return can be calculated from the perpetuity formula

Present value of perpetuity = Cash flows / Required rate of return

Present value of perpetuity = Cash flows / Required rate of return

                                        $92 = $3.15 / Required rate of return

Required rate of return = $3.15 / $92

                                       = 0.0342

                                       = $ 3.42%

Therefore the Required return for Oberholser, Inc will be 3.42%.

Learn more about Required return on:

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6 0
2 years ago
Which of the following is one way that technology can improve productivity?
mote1985 [20]

Answer:

machines

Explanation:

6 0
2 years ago
The aggregate supply curve normally a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope
8090 [49]

Answer:

The answer is: D) slopes upward to the right due to short-run fixed costs of production.

Explanation:

In the short run, companies have fixed factors of production: prices, wages, and capital. In the short run, aggregate supply curve shows the correlation between the price level and output (normal supply curve). Only in case of a production increase due to technological improvements or other factors (decreasing input prices, etc), may the aggregate supply curve shift outward.

7 0
3 years ago
A(n) ____ is an object that produces each element of a collection, such as a linked list, one element at a time.
dimaraw [331]

A collection of elements, such as a linked list, is produced one element at a time by an object known as an iterator.

<h3 /><h3>What is an iterator?</h3>

Java's collection framework uses iterators to fetch elements one at a time. It is a universal iterator since any collection object can use it. We can do both read and remove actions with the help of an iterator. It is an enhanced version of enumeration that now can remove an element. Every time we want to enumerate elements in any collection framework defined interfaces, such as Set, List, Queue, Deque, and any implemented classes of Map interface, we must use an iterator. The only cursor offered across the board by the collection framework is the iterator. Calling the iterator() function on the collection interface will provide an iterator object.

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7 0
1 year ago
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