Answer:
True
Explanation:
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
The question is looking at the effect of price on an industry. This is what microeconomics study
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
Answer:
Demand for products
Explanation:
This is dealing with the aspects of consuming rate... Where buyer is requested for a goods more than the production rate on ground... So entrepreneurs need more products to keep the consumption rate in check so goods will be available
Answer:
$50,000
Explanation:
Note: There is an assumption that the payment is yearly payment & is received at the end of every year
Present Value of Perpetuity = Payment Receivable in 1st year/ (Discount rate - Growth rate)
Present Value of Perpetuity = 500/(2%-1%)
Present Value of Perpetuity = 500/0.01
Present Value of Perpetuity = $50,000
So, the present value of all the future trust payments is closest to $50,000
Answer: $136,000
Explanation:
The question is asking for how much 'fixed trucking department cost should be charged to the west plant'. We know that the budgeted cost for the trucking department is $340,000. This is for both the the production facilities i.e West and East Plant. Since the West Plant requires 40% of the peak-period capacity therefore, we would calculate 40% of the total budget which is $340,000 in order to find out how much fixed cost could be allocated to the West Plant.
$340,000 x 40% = $136,000.
Answer:
1/N
Explanation:
Herfindahl-Hirschman Index is used to measure the market concentration and market competitiveness of firm(s).
A major advantage of this index is that it is easy to calculate while using small amount of data required for calculation.
It been used by government agencies such as the U.S. Department of Justice for cases involving mergers and acquisition.
Since we are concerned with the minimum possible value we divide .