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guapka [62]
2 years ago
10

Kit-N-Sit and Kittysitters are two cat-sitting services in Kent, Ohio. There are no other cat-sitting services, so the market is

considered to be a duopoly. According to the kinked demand curve theory, if Kit-N-Sit cuts prices, Kittysitters will
Business
1 answer:
r-ruslan [8.4K]2 years ago
4 0

Answer:

also cut its prices.

Explanation:

the kinked demand theory is based on the premise that prices in oligopoly or duopoly markets tend to be very rigid and the participating industries are not very responsive to price changes. I.e. competitors will tend to respond more to a price decrease than to a price increase. In this case, Kittysitters will only change their prices if Kit-N-Sit decreases them. Instead, if Kit-N-Sit increased their prices, Kittysitters would do nothing.

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Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and ro
Vinvika [58]

Answer:

A) FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

Explanation:

Giving the following information:

A) Present value=  $2,000

Compounded annually for 20 years at 6 percent.

n= 20

i=0.06

B) Present value= $2,000

Compounded annually for 15 years at 9 percent.

n=15

i= 0.09

To calculate the Final Value we need to use the following formula:

FV= Present value*(1+interest rate)^n

A) FV= 2000*(1.06^20)

FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

7 0
3 years ago
Supply and demand determine the relative value of any two currencies through the foreign exchange market
Radda [10]

Answer:

true

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5 0
3 years ago
What is the YTM of a bond if it is sold for $1,029.33, pays a semi-annual coupon of $40, and matures in 15 years? Round to the n
galben [10]

Answer:

The YTM of a bond is 7.67%

Explanation:

From a financial calculator, plug the following figures:

PV = -1029.33

PMT = 40

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FV = 1000

CPT I/Y =3.834%

Then:

YTM = 3.834*2

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Therefore, The YTM of a bond is 7.67%

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Macroeconomics is: the study of individual choice and how that choice is influenced by economic forces. the study of aggregate e
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