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irina [24]
3 years ago
15

$1800 per quarter for 7 years. How much did she have at the end of the seventh year if the interest rate is12% per year compound

ed monthly?
Business
1 answer:
deff fn [24]3 years ago
7 0

Answer:

Final value= $28,772.33

Explanation:

Giving the following information:

$1800 per quarter for 7 years.

Number of years= 7

Annual interes= 12% compounded monthly

We need to use the following formula to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= semestral deposit= 1,800

n= 7*2= 14

i= {1+(0.12/12)^2} - 1= 0.0201

FV= {1,800*[(1.0201^14)-1]}/0.0201= $28,772.33

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Assume that in a monopolistically competitive industry, firms are earning economic profit. This situation will:
forsale [732]

Answer:

attract other firms to enter the industry, causing the existing firms' profits to shrink.

Explanation:

Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.

Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.

Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.

When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost (MR = MC) . This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).

Hence, assuming that in a monopolistically competitive industry, firms are earning economic profit. This situation will attract other firms to enter the industry, causing the existing firms' profits to shrink.

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2 years ago
(1 pt) The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 420 dollars
klasskru [66]

Answer:

Monthly rent of $345 would maximize revenue

Explanation:

Revenue = Price * Quantity

Quantity depends on price. We need to work out the relationship between price and quantity (that is, the demand function)

When the rent is $420, quantity demanded is 90 units:

When P = 420 we have Q = 90

Let x be the change in price. For every 3 dollar increase (decrease) in price demanded quantity will decrease (increase) 1 unit:

P = 420 + x (a) we have Q = 90 - x/3 (b)

To find the relationship between P and Q we seek to eliminate x.

Multiply both sides of (b) with 3 we have: 3Q = 270 - x (b')

From (a) and (b') we have: P + 3Q = 420 + x + 270 - x

=> P = 690 - 3Q

Revenue R = P * Q = (690 - 3Q) * Q = 690Q - 3Q^2

To find maximum set derivative of R to 0:

dR = 690 - 6Q = 0

=> Q = 690/6 = 115

To lease 115 the price should be P = 690 - 3Q = 690 - 3*115 = 345

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A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.
lyudmila [28]

Answer:

b. 10% doubling

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Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

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