Answer:
YTM = 6.13%
Explanation:
As we know that: YTM = [C +(F-P/n) ] / (F+ P) / 2
where C= Coupon payment = 1000 * 6% = $60.
F = face value of bond = $1000
P= Price of bond = $ 981.45
n= Years to maturity = 24 years
Solution:
YTM = 60 +[ (1000-981.45) / 24] / (1000+981.45) / 2
=( 60 + .7729) / 990.72
= 60.7729 / 990.72
= 6.13%
Answer:
The correct answer is option a.
Explanation:
An economic outcome is said to e efficient if the economy can produce the maximum amount of goods and services using all the scarce resources it has. If the production of anyone good cannot be increased without decreasing the production of any other good, the production is said to be efficient.
If the economy can increase production without additional resources then the current level of production is not efficient.
Answer:
$11,875; $1,575
Explanation:
Total cost of starting an own business is as follows:
= purchase office supplies + monthly electricity bill has increased
= $75 + $50
= $125 per month
Total revenue = $12,000 per month
Opportunity cost refers to the cost of forgone something in order to choose some other alternative.
Opportunity cost or Implicit costs:
= Earning from Job + Income from garage apartment
= $10,000 + $300
= $10,300
(a) Barney's average monthly accounting profits:
= Total revenue - Total cost
= $12,000 - $125
= $11,875
(b) Barney's average monthly economic profits:
= Accounting profits - Implicit cost or Opportunity cost
= $11,875 - $10,300
= $1,575
The repeating economic changes that happen in a society over time are known as business cycles.
Business cycles are one sort of fluctuation that can be seen in a country's overall economic activity, a pattern of booms that occur roughly at the same time in various economic activities, followed by contractions that are equally widespread.
The repeating economic changes that happen in a society over time are known as business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators.
Business cycles are made up of coordinated cyclical upswings and downswings in output, employment, income, and sales, which are four broad indices of economic activity.
Expansions and contractions, commonly known as recessions, are the two contrasting phases of the business cycle.
To learn more about business cycle link is here
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Answer:
their own income is correct
