If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.
This basically means that they are operating at a level where the amount which they produce relates to the amount they spend.
D. a binder is the temporary coverage in a new insurance policy
Answer:
Date Received Present Value Value in 1 Year Value In 2 Years
today $1,000 $1,050 $1,102.50
in 1 year $952.38 $1,000 $1,050
in 2 years $907.03 $952.38 $1,000
The present value of the gift is <u>LOWER (BY $45.35)</u> if you get engaged in two years than it is if you get engaged in one year.
Explanation:
to determine future value:
future value = present value x (1 + interest rate)ⁿ
to determine present value:
present value = future value / (1 + interest rate)ⁿ
Explanation:
There are several barriers to entry in a market that can hinder the creation of a new business, the ones that most impact new entrepreneurs are the financial, technical and structural barriers.
There is the configuration of a monopoly market where there is a single company that controls the market and resources, influencing prices and hindering new entrants.
There are also capital difficulties, where the cost of opening and maintaining a business makes it difficult for new entrepreneurs to enter the market in the long term in a competitive manner with larger companies, for example.
And there are also technical barriers, which can be understood as the lack of specific knowledge for a particular business operation.
