Answer:
The correct answer is D
Explanation:
Purely monopolistic market or firm, is the one where the monopoly firm restrict the output and result in rise in price of the product and firm enjoys super normal profits in the long period.
The firm will face curve which is downward sloping, it means that the customers demand will more of the products when there is fall or decrease in the price. So, it could face this if price falls.
Answer:
PV=$15,500,000
Explanation:
To know the present value (PV) of the winnings we use the following formula:
PV= (F1/(i-g))*FC
F1= Payment in t=1 ( In this case it is $1,000,000 because you will receive it in one year)
i= interest rate (or discount rate: 6%)
g= growth rate (2%)
n= number of periods (25)
FC= 1-[(1+g)/(1+i)]^(n)
We replace in the formula:
FC= 1-[(1+2%)/(1+6%)]^(25)
FC=1-[0.382]
FC= 0.618
Rounded to 2 decimal places
FC= 0.62
PV=(1,000,000/(6%-2%))* 0.62
PV=(25,000,000)*0.62
PV=$15,500,000
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
$891.86
Explanation:
For this question, we use the Present value formula that is to be shown on the attachment. Kindly find it below:
Given that,
Future value = $1,000
Rate of interest = 12%
NPER = 5 years
PMT = $1,000 × 9% = $90
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $891.86
Answer:
a. Command Economy
Explanation:
In a communist political system, the emphasis is on the general well being of society at large. Public needs and wants are prioritized over individuals' needs. In a communist political system, factors of production are owned by the public through the government.
A command economy is an example of the communist political system. In a command economy, the government makes all the economic decisions. It produces goods and services with public interests as the motive for engaging in economic activities. In command economies, serving the public is prioritized over profits.