Answer
The question is incomplete; assuming that the market price is $5.
The answer will be consumer surplus decreases.
Explanation:
Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.
<span>A strong culture should reduce employee turnover because it results in </span>cohesiveness and organizational commitment.
Answer:
$29,800
Explanation:
Calculation to determine initial cost of the bread machine
INITIAL COST
Purchase Price: $24,500
Freight: $1,450
Installation: $2,900
Testing: $950
Total cost of the bread machine: $29,800
Therefore initial cost of the bread machine is $29,800
Answer:
A
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 6 = $75,200
I = 6%
PV = $369,780.96.
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
