Answer:
The United States could trade Canada 20 pounds of food for 17 televisions.
The US receives TV at a rate of 17/20 = 0.85 which is higher than their opportunity cost therefore, making a gain
While Canada receive TV at a rate lower than their economy can produce them (0.85<0.9090) thus, also making a gain
Explanation:
US
100 television or 150 pounds of food
Opportunity cost: of TV 1.5 pounds of food
Opportunity cost of food: 2/3 of a TV
CANADA
300 televisions or 330 food
Opportunity cost: of TV 1.1 pounds of food
Opportunity cost of food: 90/99 of a TV
It is cheaper for canada to produce TV and cheaper for the US to produce food.
Profit is equal to the product of the price of the production and the average total cost.
How do you find the quantity of perfect competition that maximizes profit?
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
What is the production that the company produces at a profit?
The production rule listed below is used by a competitive business to increase profits: The output level that generates the most profit for the company is where the marginal cost (MC) just touches the product price and where the MC curve is sloping upward.
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Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Answer:
11.7%
Explanation:
Calculation to determine What were the dollar-weighted rates of return
Dollar-weighted rates of return=$500,000 + $500,000/(1 + r)
Dollar-weighted rates of return= $75,000/(1 + r) + [($500,000+500,000)+(10%*$500,000+$500,000)]/(1 + r)^2
Dollar-weighted rates of return= $75,000/(1 + r) + $1,100,000/(1 + r)^2
Dollar-weighted rates of return= 11.7%;
Therefore The Dollar-weighted rates of return is 11.7%
Answer:
Explanation:
A Contract for Deed refers to the tool which allows buyers who do not qualify for conventional lending, or buyers who are in need of a faster financing option to purchase a property.
The seller will still retain the legal rights to the property until the balance of the payment is made. The legal rights are only transferred after the buyer has made the final payment.
Disadvantages Include:
- To the seller, clearing the title may take time and money if the buyer defaults on the contract.
- The seller can decide to foreclose on the property if the buyer defaults, and the buyer has no recourse against the seller.