The correct option is D.
Some natural resources have been predicted that they will soon be depleted. This forecasting has not materialized because the government has increased its efforts to conserve the presently available resources and to also look for other alternatives or more of these resources.
The correct answers are, $1200 and -$200.
Sydney has taken depreciation on the shelves of $300. The amount of basis and the amount of the gain or loss recognized on the sale of the shelves are $1200 and -$200 respectively.
Explanation:
Fair market value at the date of conversion = $1,500
Depreciation on the Shelves = $300
Basis = Fair market value - Depreciation
Basis = $1500 - $300 = $1,200
So Basis = $1,200
Now
Sale Price of Shelves = $1,000
Adjusted Basis = $1,200
Loss would be = Sale price - Adjusted Basis
Loss = $1000 - $1200
Loss = -$200
So, Loss = $200
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Answer:
D. always makes an economic profit
Explanation:
A monopolistically competitive markets consists of firms that sell differentiated products. In the market, there are free entry and free exist, but each firm enjoys a kind of monopoly its products which are the same to other products in the market but are different as a result of branding.
In the short run, the monopoly enjoys on the differentiated product enables the monopolistically competitive firm to make an economic profit. But due to free entry and exist in the market, the firm economic profit will be zero while it only make normal profit.
Answer:
The answer is (B) which is the 25 percent of nominal GDP.
Now, the question may arise that what prompted us in choosing the option (b)
This consequentially will take us to the point where we define and discuss on how we calculate for nominal GDP
What is nominal GDP:
Nominal GDP which simply means a group or pattern of measurement of a country gross domestic product. It is usually being analysed at market current prices. Hence, nominal GDP includes all of the changes in market prices that happened during the current or existing year due to inflation or deflation.
How do we calculate for nominal GDP:
It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.
It should also be noted that Nominal GDP is the market value of goods and services produced in an economy in its raw or un-adjusted format for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output.
A business person would most likely use seed capital to start a new business or use it to contribute financially to the business.
