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faust18 [17]
3 years ago
8

There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generat

es profits of $18 for every $300 invested. instructions: enter your answers as whole numbers.
a. what is the percentage rate of return for these 298 dairies?
Business
1 answer:
Stells [14]3 years ago
4 0

Answer:

The percentage rate of return for these 298 dairies is 6%

Explanation:

The percentage rate of return is calculated by dividing the profits by total investment, so the given information in the question is,

profits = $18

investment = $300

percentage rate of return = 18/300 = 0.06 = 6%

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The answer to the following question is given below :

Explanation:

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If the consumption function is C​ = 100​ + 0.75Y and planned investment spending is 500​, what will be the equilibrium level of​
snow_lady [41]

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Explanation:

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