Answer:
As it drops off, economic growth slows. Prices will drop, which creates deflation. If slow consumer spending continues, the economy can go into recession. When consumer demand exceeds manufacturers' ability to provide the goods and services, prices increase.
Answer:
Market : Gasoline
b. Standardized good
c. Full information
e. Participants are price takers.
Market : Barbershop haircuts
a. Large number of buyers
c. Full information
Market : Bicycles
a. Large number of buyers
b. Standardized good
c. Full information
d. No transaction cost
Explanation:
The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.
Answer:
$246,741.03
Explanation:
This is an ordinary annuity(payments occur at the end of each year). The question is basically asking for it's future value. Using a financial calculator, input the following;
Total duration; N = 30
Interest rate; I/Y = 10%
Recurring payment; PMT = -1,500
One time payment ; PV = 0
then compute future value; CPT FV = 246,741.03
Therefore; the value of the program on the date of the last payment will be $246,741.03
Answer:
lower, higher
Explanation:
Hope you find this useful
This entry will inappropriately decrease Jackson’s revenues, thus making the firm’s net income too low on its income statement, ending retained earnings too low on its retained earnings statement, and both its assets and its stockholders’ equity too low on its balance sheet.
