Answer:
One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point. Therefore, at equilibrium, the demand and supply in quantity are equal.
a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.
b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
Explanation:
a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal. The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively. In economics, when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.
b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.
c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence. This leads to a reduction in quantity supplied overall.
d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.
Capital goods are those good used to make consumer goods and services.
Thus answer is D
Capital goods is also known as intermediate goods, durable goods or economic capital.
Answer:
The amount she would be saving during her working life is $1,089,64 and the deposit required for each year is $6,624.21
Explanation:
Solution
Given that:
The amount of income needed for retirement income = P×[1-(1÷(1+r)^n)]÷r
Now,
The Interest rate per annum =6.00%
The Number of years = 2
The Number of compoundings per annum = 1
The Interest rate per period ( r)=6.00%
The period per payment (P)=$ 95,000
The Amount required for retirement income = 95000*[1-(1/(1+6%)^95000]/6% =$1,089,643
Now,
Required deposit for every year (P)=FVA÷([(1+r)^n-1]÷r)
The Interest rate per annum = 10.00%
The Number of years= 30
The number payments per per annum =1 The Interest rate per period ( r)=10.00%
The Number of periods (n)=30
Thus,
The Future value of annuity (FVA) = $1,089,643
Hence the deposit required for each year is = 1089643/(((1+10%)^30-1)/10%)
= $6,624.21
Answer:
Date Particulars Debit Credit
Jan 3 Cash $240,000
Common stock (30000*5) $150,000
Paid-in-capital in excess $90,000
Nov 2 Treasury stock $15,000
Cash $15,000
Dec 6 Cash $7,200
Treasury stock[75000/1500*600) $6,000
Paid in capital from treasuty cash $1,200
