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Andrews [41]
4 years ago
14

How does competition in a free-market system effect the game of economics?

Business
1 answer:
frez [133]4 years ago
8 0
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
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An economy produces only 500,000 tables valued at $100 each. Of these, 100,000 are sold to consumers, 200,000 are sold to busine
torisob [31]

Answer:$ 50 million

Explanation:

We know GDP is calculated as the sum of consumption spending(C),Investment spending(I),Government spending(G) and net export(X).

Here

  • Consumption spending=100,000\times 100=\$10 million
  • investment spending=200,000\times 100=\$20 million
  • Government spending=100,000\times 100=\$10 million
  • $5 million worth tables are sold abroad
  • no tables are imported.

At the end of year

GDP=C+I+G+X-M

GDP=10+20+10+5-0=$45 million

and the remaining 50,000 table worth of $5 million in inventory goes to the investment made by private sector

thus value of GDP is $ 50 million.

4 0
3 years ago
Holt Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of 19% for 2 years followed by a
lyudmila [28]

Answer:

The horizon date of Holt Enterprises is at the end of the second year.

Explanation:

The horizon date is when there is a constant growth or the growth rate becomes constant. The horizon date is the last year in the free cash flow when the growth rate is constant. It is also called forecast horizon or terminal date because it is at the end of the forecast. At the horizon date,  the firm becomes stable and profitable.

The horizon date of Holt Enterprises is at the end of the second year.

6 0
3 years ago
Eddie was known for driving 30 miles just to save a dollar on the price of his favorite beverage. Eddie perceived price as _____
Inessa [10]

Answer:

Here answer to the first fill in the blank is money paid and answer for the second fill in the blank is overall sacrifice.

Explanation:

Here Eddie has perceived price as money paid for the purchase of his favorite beverage, he is ready to drive 30 miles for this beverage , just because he is saving a dollar on it, so from the Eddie's point view , driving 30 miles to get the beverage is worth it . But as per the most of the customers , Eddie is making an overall sacrifice by driving 30 miles to get the beverage , just because he is saving dollar on it, so from the most customers point of view , driving 30 miles is not worth it and a lot of sacrifice is being made.

7 0
3 years ago
Suppose that JAN Corp. will issue a new 10 year AA rated corporate bond with a coupon rate of 7.00%. The bond pays interest semi
k0ka [10]

Answer:

The bond was issued at a premium of $ 155.89

Explanation:

In determining whether the bond was issued at premium or discount,it is important to ascertain the price at which the bond was issued first and foremost.

In arriving the price of he bond, all of the future cash flows of the bond are discounted to present values using the discounting factor 1/(1+r)^N

Find detailed calculation in the attached.

Download xlsx
3 0
3 years ago
10. You manage a home improvement store. Your area has just been hit by a flood.
timofeeve [1]
Since your town was impacted in a negative way by the flooding the demand for home improvement items will be high. When demand is high and supply is low it can drive up prices. Most stores would definitely take advantage of this supply and demand case because they could turn a bigger profit. That would be a motivating reason for some people or companies.

As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
5 0
3 years ago
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