Explanation:
An oligopoly can be defined as an imperfect competition market structure, it works when in an economic sector there are few companies offering a good or service, that is, the market is homogeneous and with differentiated services, as companies seek a degree differentiation to win customers.
Some characteristics of the oligopoly are: few price variations, which can affect the consumer, since there are few companies operating in the oligopolistic market, the possibilities of choice are reduced. There is also the difficulty of entry for new competitors, since there are few dominant companies in the market and we can also mention the dependence between companies in the market in which there is an oligopoly, since the actions of one will consequently affect the entire market and the companies present .
The oligopoly arises when there is an imbalance between supply and demand, which means that the active companies have greater control over the market and the prices charged.
Answer:
$256,571
Explanation:
College Graduation fee for four years in the present value
PV = $20,000 x 4 = $80,000
As historically the fee has risen by 6% we need to find future value when the baby will be 20 years old by using future value formula
Let's say
FV = Future value
PV = Present value
n = number of years
i = Interest
Workings
FV = PV x ((1+growth rate)^n)
FV = $80,000 x ( (1+0.06)^20)
FV = $256,571
As the bank interest rate is 8% the saving need to be deposited annualy can be calculated as
Savings = (FV x i) / ((1+i)^n)-1)
Savings = ($256,571 x 0.08) / ((1+0.08)^20)-1)
Savings = 20,525.68 / 3.66
Savings = $5,608
Answer:
50 customers per day
Explanation:
For computing the capacity required customers per day, first, we have to compute the current demand per day which is shown below:
Current demand = Average number of pets per day × estimated percentage
= 74 pets × 60%
= 44.4 per day
Now the capacity required per day would be
= (Current demand per day) ÷ (1 - capacity cushion percentage)
= 44.2 ÷ (1 - 0.12)
= 50.22 per day
Mortgage lenders can make money in a variety of ways, which includes origination fees, discount points, yield spread premiums, closing costs, loan servicing and mortgage-backed securities.
Yield spreads are the spreads which include the spread of the rate which any lender pays for money borrowed by them from larger banks and the rate which they charge from borrowers.
Closing costs are the fees which the lenders may take from th8e borrower include application, underwriting, processing, loan lock, and other fees.
Lenders always use their funds when they extend mortgages, they charge an origination fee of 0.5% to 1% of the loan value for extending this , which becomes due with mortgage payments.
To know more about the mortgage lenders here:
brainly.com/question/28222316
#SPJ4
