Answer:
Finland has a free-market economy
Explanation:
The fact that would most support this conclusion is that Finland has a free-market economy. A free market is an economic system characterized by a spontaneous and decentralized order of arrangements by individuals allowing them to make their own economic decisions based on supply and demand in that current time with little or no government control in the matter. This is an economic system that can only work in a developed economic nation.
Answer:
So His producer surplus is $64
Explanation:
Given:
- first hour for $10
- the second hour for $18,
- the third hour for $28
- the fourth hour for $40
As we know that, manufacturers or producer surplus is the difference between the market price and the price that he is willing to teach, so we have:
(40 - 10) + (40 - 18) + (40-28) + (40-40)
<=> 30 + 22 + 12 + 0 = 64
So His producer surplus is $64
Answer:
$17,883,320
Explanation:
Rate of coupon 7.0% par value = FV$1,000Yrs to maturity 10 years Period/Yr2Periods = Years × 2 = N20Going annual rate = rd= YTM11.0%Periodic rate = rd/2 = I/YR5.5%Coupon rate × Par/2 = PMT$35.00Price of the bonds = PV$760.99. To Determine the number of bonds: Book value on balance sheet$23,500,000Par value$1,000Number of bonds = Book value/Par value23,500Calculate the market value of bonds:Mkt value = PV × Number of bonds = $17,883,320
