Aisha wants to examine the effect of room temperature on task performance. She places one group of participants in a room that i
1 answer:
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The total cost
So, Marginal cost
So, marginal cost is constant and its value is 4 for any unit.
So, when, marginal cost
.
Total cost
The average total cost equal to when is 14.
- If imperfectly competitive markets acted competitively, the value of economic activity as measured by the total of producer and consumer surplus would be higher.
- In other words, unfair competition causes a misallocation of resources that harms the economy.
- Illustrations of Imperfectly competitive firm are,
- Both oligopolies and monopolies are Imperfectly competitive firms.
- If a company has a monopoly, it may be able to charge prices that are excessive by conventional standards.
- Government intervention.
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Answer:
$3,226,366.51
Explanation:
We use the present value formula so that the approximate value could come. It is shown in the attachment below:
Given that,
Future value = $0
Rate of interest = 14%
NPER = 12 years
PMT = $500,000
The formula is shown below:
= PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $3,226,366.51
