Answer:
485,000 units
Explanation:
The computation of the number of units manufactured is shown below:
= Number of units sold + ending finished goods units - beginning finished goods units
= 515,000 units + 87,000 units - 57,000 units
= 485,000 units
Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold
A. A<span>n individual who pretends to be a customer to help a company test its offerings a detailed description of a typical, but fictional customer</span>
Answer:
the real interest rate is 9.5%
Explanation:
The computation of the real interest rate is shown below:
But before that inflation rate need to be determined
Inflation rate is
= [CPI this year - CPIlast year] ÷ CPI last year
= {(190 - 200) ÷ 200} × 100
= -0.05 × 100
i = -5%
Now the real interest rate is
real interest rate = nominal interest rate - inflation rate
= 4.5% - (- 5%)
= 9.5%
Hence, the real interest rate is 9.5%
Answer:
A) making zero economic profit
Explanation:
A perfectly competitive industry is where there are many firms producing homogenous goods and services. There are no barriers to entry or exit of firms. Prices are set by market forces. Buyers and sellers are price takers.
In the short run, if firms in a perfectly competitive market are earning economic profits, in the long run, new firms enter into the industry and economic profit falls to zero.
In the short run, if firms in a perfectly competitive market are earning economic loss, in the long run, firms leave the industry and economic profit goes up to zero.
I hope my answer helps you
