<span>A Cartesian coordinate system is a coordinate system that specifies each point uniquely in a plane by a pair of numerical coordinates, which are the signed distances to the point from two fixed perpendicular directed lines, measured in the same unit of length. This can be used to build a new line through mountains.</span>
What are the statements to the question?
Based on the price the three-month treasury bill was sold at, and the face value, the yield to maturity as an EAR would be -0.010223%.
<h3>What is the yield to maturity as an EAR?</h3>
First find the 3 month yield to maturity:
= Face value / Sale value
= 100 / 100.002556
= -0.002556%
Expressed as an EAR, this is:
= (1 - 0.002556/100.002556)⁴ - 1
= -0.010223%
The Annual yield to maturity would be:
= -0.002556% x 3 / 12 monts
= -0.010224%
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Answer:
Yes the scenario describes a competitive market
Explanation:
There are 3 factors of a competitive market that stands out in the given scenario which are:
1. Many Buyers and Sellers: In the given scenario it mentions clearly that ''There are hundreds of colleges that serve millions of students each year''. Hence it is very clear that the buyers which are (in this scenario) the students, and the sellers who are the (in this scenario) the colleges; are many.
2. Perfect Information: A competitive market is characterized by the availability of information about the products in offer. In the given scenario, it suggests clearly that the availability of information ''allows students with diverse preferences to find schools that match their needs''. This could not have been possible if the students did not have perfect information about the colleges.
3. Identical products: Another feature of a competitive market is the availability of identical products. In the given scenario, it states clearly that ''The colleges vary by location, size, and educational quality''. Other than these features the colleges are offering basically the same product which is education.
Answer:
<u>C) quantity supplied is greater than the quantity demanded.</u>
<u>Explanation:</u>
We need not be confused, <em>the market-clearing price is referring to the equilibrium price. </em>Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the <u>quantity supplied</u> is <em>greater</em> than the<u> quantity demanded</u> of the item.
For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.