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taurus [48]
3 years ago
9

Suppose the demand for premium bottled water increases rapidly during​ 2018. At the same​ time, six more firms begin producing p

remium bottled water. A student remarks​ that, because of these​ events, we​ can't know for certain whether the price of premium bottled water will rise or fall. The​ student's remarks​ (that, because of these​ events, we​ can't know for certain whether the price of premium bottled water will rise or​ fall) is
Business
1 answer:
mart [117]3 years ago
6 0

Answer: Correct

Explanation: When demand for a good rises and at the same time supply for it also rises, the quantity sold in the market will rise for certain. However, it cannot be determined what will be the effect on its price as the effect on price will depend on the magnitude of the shifts in the two curves. Thus, the​ student's remarks​ (that, because of these​ events, we​ can't know for certain whether the price of premium bottled water will rise or​ fall) is correct.

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What is the present value of $12,350 to be received 4 years from today if the discount rate is 5 percent?
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Answer:

The correct answer is $10,160.38

Explanation:

According to the scenario, the given data are as follows:

Future value = $12,350

Number of years (n) = 4 years

Discount rate (r) = 5%

Hence, Present value can be calculated by following formula:

Future value = Present value ( 1 + r )^{n}

$12,350 = Present value ( 1 + 0.05 )^{4}

Present value = \frac{$12,350}{1.05^{4} }

Present value = $10,160.38

Hence, the correct answer is $10.160.38

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Brian has just finished college. He wants to set up a small business to make and sell fireworks. He registers his company and ac
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3 years ago
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timama [110]

Answer:

A business invitee

Explanation:

A business invitee is any person or group of people who enters another person's commercial property to do business.  A business invitee's purpose is to engage in a commercial transaction with property or landowner. The landowner is liable to any injuries or harm suffered by a business invitee due to dangerous conditions on the property.

Commercial property or premises refers to land or building designated for business transactions such as a retail store or a restaurant. In law, customers are business invitees. The assumption is that customers enter commercial premises to do business with the business owner.

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3 years ago
Zelda is a recent fashion graduate. She started her own apparel store with an investment of $300,000. In the first year she made
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Answer: The amount $62,000 ($50,000 + $12,000) would be Genevieve's  Opportunity Cost

Explanation:

Opportunity cost is the next best alternative foregone.

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Suppose the economy is operating in long-run equilibrium and a positive demand shock hits. We expect a short-run increase in rea
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Answer:

The correct answer is: an expansionary gap; decrease the money supply.

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An expansionary gap is when genuine output surpasses potential output. At the end of the day, the economy is incidentally working over its long-run potential as estimated by real GDP.

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